EUR/USD remained firm despite case for strong dollar - FXStreet

Valeria Bednarik, chief analyst at FXStreet explained that the markets were a mixture of risk appetite, BOE's disillusion, and strong US data, supporting the case for a bullish dollar.

Key Quotes:

"Sentiment improved once again during the Asian session, with a weakening yen driving the way on renewed expectations of further fiscal and monetary policy in Japan. BOE's decision to maintain its economic policy unchanged resulted in European currencies rallying against the greenback, with the EUR/USD pair extending up to 1.1164, a fresh weekly high. The pair retreated from this last, but held above the 1.1100 figure, settling around 1.1120 by the end of the day."