The EUR/USD is trading around 1.1710, 0.7% higher on the day. President Trump said that he prefers low interest rates that enable the economy to grow. The greenback dropped in reaction to these comments. "China, the EU, and others have been manipulating their currencies and rates lower, while the U.S. is raising rates while the dollar gets stronger," Trump wrote on his Twitter account on Friday. The USD fell from recent highs overnight on a combination of the end of the week profit taking and market sensitivity to warning signals issued by the IMF of growth risk stemming from US-led trade wars.