EUR/USD H1

The Euro is trading slightly better against the U.S. Dollar on Friday. The single currency continues to be supported by the announcement of renewed trade talks between the United States and China later this month. An easing of tensions over Turkey’s currency crisis is also providing support. Considering the limited impact on European banks, the recent sell-off in the Euro appears to have been overdone.

At 1117 GMT, the EUR/USD is trading 1.1389, up 0.0011 or +0.11%.