Euro bull run is far from over ­– Danske Bank

EUR/USD expected to trade at $1.22 by H1 2018

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Clear trajectory: “EUR/USD is going to grind higher and we have to remember the euro is still undervalued at these levels" – Thomas Harr

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The euro is set to continue to grind higher against the US dollar, as market participants continue to lower their expectations of the Trump administration delivering on its promised reform package, according to Thomas Harr, global head of fixed income, currencies and commodities research at Danske Bank.

The single currency has already started to benefit from the trend, hitting a two-year high against the greenback on July 20, following the European Central Bank’s