EUR/USD Holds Consolidation Around Mid-1.15s, Scotiabank Says
EUR/USD remains steady in a narrow range near the mid-1.15s, extending its post-Fed consolidation, according to Scotiabank strategists.
EURUSD
Scotiabank strategists Shaun Osborne and Eric Theoret noted that the euro is trading in a tight consolidation around the mid-1.15s against the US dollar. The pair has been range-bound following the late-July Fed-driven moves.
No significant breakout signals have emerged, with the euro holding steady amid a lack of fresh catalysts. The consolidation suggests a period of indecision in the FX market as traders assess central bank policy divergence.
Source: FXStreet Forex News