By FXEmpire.com
The EUR/USD continued to fluctuate heavily on Thursday with the evident jitters over the outlook for the recovery.
The euro continues to trade bearishly with the weak risk appetite in the market supporting haven currencies over the debt-laden euro and keeping the bias with the dollar.
Higher than expected inflation from the United States also worked its way to increase jitters over the outlook, as inflation will prevent the Fed from acting to support waning growth with QE3 which also kept the negative sentiment evident.
On Friday, the focus will be also on the sentiment with the lack of major fundamentals from the euro area and the United States. The decline in the risk appetite is still predominant yet we expect heavy fluctuations with the end of the week trading and position squaring.
Germany will release the Producer Prices for July which are expected to hold at 0.1% on the month and on the year to ease to 5.3% from 5.6%.
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