Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
Euro rises slightly but underperforms other G10 currencies – Scotiabank

Euro rises slightly but underperforms other G10 currencies – Scotiabank

101 finance101 finance2026/01/16 15:39
By:101 finance

Euro Shows Modest Gains Against US Dollar

The Euro (EUR) has edged up by 0.1% compared to the US Dollar (USD), but remains one of the weaker performers among the G10 currencies as Friday’s North American trading session approaches, according to Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret.

EUR/USD Maintains Range as ECB Signals Steady Policy

Recent economic data releases have been sparse, with Germany’s final CPI meeting expectations at 1.8% year-over-year and prompting little market movement. The European Central Bank’s Chief Economist Lane reinforced the institution’s neutral approach, emphasizing that there is currently no discussion about changing interest rates.

Market expectations for interest rates have steadied after a recent decline, which may provide some support for the Euro. Looking ahead, next week’s economic calendar could bring notable market shifts, particularly with the upcoming ZEW sentiment survey on Tuesday and preliminary PMI data on Friday.

The EUR/USD pair continues to fluctuate within a clear range of approximately 1.15 to 1.19. Although the currency recently dipped below its 50-day moving average (1.1662), it has found support near the 200-day moving average (1.1589). Analysts maintain a neutral outlook, expecting the pair to remain confined between 1.1580 and 1.1680 in the near term.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

The More Impressive AI Agents Become, the More Valuable Storage Is! SK Hynix's NAND Business Plans $100 Billion US IPO

According to informed sources, Solidigm, a company under SK Hynix, is considering an initial public offering in the United States as early as next year. The sources revealed that the world's second-largest memory manufacturer is in talks with potential advisors regarding the listing of its NAND memory division.

智通财经•2026/09/26 01:56

A wave of AI applications is surging toward federal governance! Jensen Huang and Elon Musk will share a stage with Trump, further expanding the new landscape of AI commercialization

President Donald Trump will co-host an event with leading figures from the technology and artificial intelligence sectors to launch a new government website, America.gov, which aims to help the American public access federal information and resources. The event will feature panel discussions on artificial intelligence, energy dominance, health, space, and agriculture, with leaders such as Jensen Huang, Elon Musk, and Tom Brown in attendance.

智通财经•2026/09/26 00:56

Oracle (ORCL.US) "Force Majeure" Notice Shakes AI Bond Market! Morgan Stanley: Data Center Financing Contracts Face Reassessment

Oracle issued a “force majeure” notice to a major data center developer in New Mexico, raising concerns in the market about the strength of contract protections in AI infrastructure financing. Morgan Stanley warned that this move may prompt investors to reassess the lease terms and credit risks of data center projects.

智通财经•2026/09/26 00:06