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fxAug 17, 2026, 2:11 PM

Euro Bullish Momentum Eyes Mid-1.17s Against US Dollar

Scotiabank strategists see the euro firming against the US dollar, supported by Eurozone economic resilience and narrowing yield spreads, with bullish momentum targeting the mid-1.17s.

EURUSD

Scotiabank strategists Shaun Osborne and Eric Theoret note that the euro is gaining ground against the US dollar. They cite Eurozone economic resilience and narrowing yield spreads versus the United States as supportive factors.

According to the strategists, bullish momentum is driving EUR/USD toward the mid-1.17s area.

The view reflects improving relative fundamentals for the common currency against the dollar.

Source: FXStreet Forex News