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fxJul 6, 2026, 2:34 PM

EUR/USD Trades Softly Near 1.1418 as ECB Expectations Stable

Scotiabank strategists note EUR/USD trading softer around 1.1418, with stable ECB expectations, as Euro area data came in line while German factory orders surprised.

EURUSD

According to Scotiabank strategists Shaun Osborne and Eric Theoret, EUR/USD is trading softer against the US Dollar, with the pair around 1.1418. The euro is performing mid-pack among G10 currencies.

Economic data released today showed Euro area Producer Price Index (PPI) and retail sales in line with expectations, while German factory orders surprised. The overall tone remains soft against the greenback amid steady ECB expectations.

Source: FXStreet Forex News