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EUR fades a portion of this week's gains on sentiment and softer data - Scotiabank
World FX news
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EUR fades a portion of this week's gains on sentiment and softer data - Scotiabank
2025.06.13 20:57
2025.06.13 20:57
The Euro (EUR) is weak, down 0.6% and fully retracing Thursday's ECB (and US PPI)-driven rally, fading back to the psychologically important 1.15 level.
Medium-term outlook remains bullish
"The fundamental outlook for EUR remains supportive, given the shift in the outlook for relative central bank policy as the ECB pivots toward a neutral stance while markets price in greater easing from the Fed."
"The release of softer trade and industrial production data have compounded Friday's sentiment-driven decline, however we remain bullish on the basis of medium-term trends and look to further gains through next week's FOMC."
Last updated
: 2025.06.13
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