Scotiabank strategists cite constructive fundamentals and fair-value pricing for the Euro’s recovery within a 1.15–1.16 range.
The Euro (EUR) remains steady in the mid-to-lower 1.15 range against the US Dollar (USD), supported by stable 2-year US–Germany yield spreads. Strategists note the currency is trading close to fair value, reflecting balanced market conditions.
The EUR has maintained its recovery since early in the year, driven by improved sentiment and solid economic fundamentals. The 1.15–1.16 band has acted as a key technical and psychological level, with minimal volatility observed in recent sessions.
No immediate market reaction was reported, as the currency’s movement aligns with broader expectations for gradual stabilization.