Senior Analyst at Danske Bank Sverre Holbek hinted at the fact that the USD upside could be nearly over. Key Quotes “The USD was remarkably stable despite the string of better-than-expected US data on Friday”. “To us this is further confirmation that the rally in the USD is coming to an end as risk appetite is stabilising and the ‘USD smile’, i.e. stable but modest US data is USD negative, is playing out”. For more information, read our latest forex news.