Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnAISquareMore
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

Claude leads 26% of R&D, Anthropic raises heated discussion on "AI developing AI" with its "AI slowdown theory"! The RSI training paradigm is catalyzing a major expansion in computing power demand.

Anthropic PBC's Claude chatbot has driven more than a quarter of the company's AI research and development work. The company found that Claude "led" 26% of Anthropic's R&D efforts and collaborated with employees to complete about 90% of the work. Anthropic plans to introduce third-party evaluators within the company and grant them access to internal processes, systems, and data to help track the progress of AI development.

智通财经2026/09/18 00:11

U.S. business growth drops to lowest in a year, stock price plunges 19% year-to-date! McDonald's (MCD.US) urgently changes leadership to rebuild "cost-effectiveness" defense line

Same-store sales growth in the United States fell to 0.8%, reaching a new low in over a year. McDonald's is urgently adjusting its strategy, planning to implement long-term affordable pricing, temporary discounts, and suspension of random inspections to optimize the service experience, making every effort to restore customer traffic and stock price.

智通财经2026/09/17 23:31