“The sources added that the recent jump in oil prices was helping to offset the deflationary impact of the firming euro.”
EUR/USD falling from 1.14 to 1.12 has certainly helped the DAX move higher but now that EUR/USD has found a base at 1.1250 , this indicates the DAX is expected to head lower.
Stronger Oil price + weaker EURO is required to help lift the EU zone out of deflation, neither of those two scenarios are expected early next week.
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