The Euro remained subdued through overnight Tokyo and morning European trade, but the later dollar sell-off left the single currency effectively unchanged at the week’s close. Economic data was limited out of the Euro-Zone, with a largely ignored Trade Balance falling roughly in line with forecasts. An earlier French Non-Farm Payrolls release was likewise uneventful, and it was clear that risk sentiment was the main driver of euro price action. It was unsurprising to see the EUR fall sharply on a 4 percent rout in Hong Kong’s Hang Seng Index, and a 0.7 percent drop in the DAX hardly helped the euro’s case. Yet the surprisingly positive close in the Dow Jones Industrial Average leaves intraday momentum in favor of further Euro rallies. It will be critical to see whether or not Asian markets can recover from their dismal end-of-week performance, and Sunday night/Monday morning will likely bring further volatility to all EUR pairs.