EUR/USD downward pressure

While EUR may not see sharp swings vs USD,JPY for rest of week, as even after U.S. non-farm payrolls Friday, players may remain hesitant to place big bets before outcome of G7 Saturday, common currency may continue facing trouble next week, analysts say. "Once we get past the U.S. jobs report Friday and the G7 this weekend, the focus will return to the sovereign debt problems, and so I think the downward pressure will stay on the euro in the longer term," said Trader. On top of lingering concerns over Greece's fiscal problems, EUR-negative uncertainty over Portugal, Spain also mounting, dealers say.