Scotiabank: Euro Bearish Bias Toward 1.12 vs Dollar

Scotiabank strategists Shaun Osborne and Eric Theoret flag renewed weakness in the euro against the U.S. dollar, keeping a bearish bias with scope toward the 1.12 level.

The negative outlook is driven by widening Eurozone–US yield spreads and a hawkish repricing of Federal Reserve expectations, while European Central Bank views remain comparatively dovish.