Scotiabank sees euro upside bias against dollar on spreads
Scotiabank strategists say EUR/USD is trading in the mid-1.15s with modest gains, supported by euro-area GDP and a return to trade.
EURUSD
Strategists Shaun Osborne and Eric Theoret at Scotiabank note that EUR/USD is holding in the mid-1.15s with modest gains against the US dollar. They attribute support to euro-area GDP and a return to trade, adding that spreads support an upside bias for the euro.
The note leaves the pair’s near-term bias tilted higher against the dollar, though it offers limited additional detail on targets or levels.
Source: FXStreet Forex News