The dollar rose against the euro on Friday, recovering from an early swoon after better-than-expected U.S. durable goods data for April eased investor concerns about the U.S. economy.
Sean Callow, Senior Currency Strategist at Westpac Bank remains optimistic on the euro despite German Chancellor Merkel's dismissal over potential measures euro zone leaders could adopt to support the currency.
John Noonan, Senior FX Analyst at Thomson Reuters says that markets are short on the euro and that if there is no good news from the European Summit this week, the single currency looks vulnerable.
Kathy Lien, Managing Director at BK Asset Management says investors should use any rally in the euro to sell the currency, because it will edge lower over the next 3 months.