EUR/USD has drifted lower to test support at 1.1300 today, ING's FX analyst Chris Turner notes.
"Recently, we have been saying that the dollar bounce has been lacklustre, but positioning probably means that a move under 1.1250/1260 today could do some damage. Let's see what the US-UK trade deal has to offer."
"We've called the report 'Unipolar disorder' to reflect the potentially disorderly transition away from a dollar-centric financial system. The report also includes a longer-term look at EUR/USD and serves as a reminder that the euro requires some major reversal in terms of trade or some huge boost in eurozone productivity if much higher EUR/USD levels are to be achieved."