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EUR/USD Current price: 1.1742The EUR/USD pair peaked at 1.1789 in Asia, following the positive momentum triggered by a dovish FOMC and Trump advisors´ jitters, but was unable to hold on to gains, after London's opening, and despite some generally encouraging news coming from the EU. According to final revisions, the region's inflation remained at 1.3% for the year, falling MoM 0.5% as expected. Also, the euro area recorded a €26.6B surplus in trade in goods with the rest of the world in June 2017. The release of the Minutes of the latest ECB meeting put the common currency under further pressure, as they showed concerns over the strength of the local currency, fearing a possible overshooting of its value, which will result in delaying rising inflationary pressures. The minutes, didn't include hints on normalization, resulting in the pair plunging to a fresh August low of 1.1661. The pair later recover, as the dollar lost is charm on rumors indicating that Gary Cohn, the US Director of the National Economic Council, was resigning, but were later denied.
