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EUR extending consolidation around 1.17 - Scotiabank
Breaking news
EUR extending consolidation around 1.17 - Scotiabank
New
2025.08.19 20:31
2025.08.19 20:31
2025.08.19 20:31
The Euro (EUR) is up 0.2% against the US Dollar (USD) and outperforming most of the G10 currencies as we head into Tuesday's NA session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
ECB/Fed outlook offers support
"Fundamentals remain supportive for the EUR as markets fade their expectations for ECB easing while softening their outlook for the Fed's rate path. Near-term risk centers on ECB President Lagarde's speeches on Wednesday and Saturday, as well as the releases of final CPI figures (Wednesday) and preliminary PMI's (Thursday)."
"We remain medium-term EUR bulls on the basis of fundamentals and specifically the outlook for relative central bank policy. The latest consolidation looks to be extending with congestion centered around 1.17 and near-term range support offered by the 50 day MA (1.1642)."
"The broader trend is bullish, given the sequence of higher highs and higher lows since February. We look to a near-term range bound between 1.1650 and 1.1750."
Last updated
: 2025.08.19
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Canadian Dollar weakens after July CPI undershoots forecasts
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2025.08.19 21:16Gold consolidates amid easing yields, soft US Dollar and geopolitical caution
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2025.08.19 20:35GBP quiet despite continued support from fundamentals - Scotiabank
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2025.08.19 20:33EUR extending consolidation around 1.17 - Scotiabank
The Euro (EUR) is up 0.2% against the US Dollar (USD) and outperforming most of the G10 currencies as we head into Tuesday's NA session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
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2025.08.19 20:30CAD underperforms again - Scotiabank
The Canadian Dollar (CAD) is marginally softer versus the US Dollar (USD) on the day, with a mild net loss on the session contrasting--once again--with moderate gains for the major currencies, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
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2025.08.19 20:29Gold Price Forecast: XAU/USD picks up but remains within range below $3,360
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2025.08.19 20:25BoE to cut bank rate by 25 bps to 3.75% in Q4 - Reuters Poll
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2025.08.19 20:25Disclaimer:
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