EUR/USD (^EURUSD) on Friday rose by +0.03%. The euro recovered from early losses on Friday and rose slightly after hawkish comments from ECB Governing Council member and Bundesbank President Nagel sparked short covering in the euro when he said that lowering borrowing costs further could endanger the ECB’s aim of stabilizing inflation at 2% over the medium term. Central bank divergence is also supporting the euro, as the markets view the ECB as largely finished with its rate-cut cycle, while the Fed is expe ...