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12 Feb 2024

EUR/USD: Daily close through 1.0790 would be a bullish cue for the Euro – Scotiabank

EUR/USD has eased from early session highs but is little changed on the session. Economists at Scotiabank analyze the pair’s outlook.

Support is at 1.0720/1.0725

EUR/USD losses from the intraday peak cast a somewhat negative look on short-term price action and rather imply building downside risk for the EUR again. Longer run price signals are a bit more EUR-supportive after the EUR rebound from last week’s low left a bullish ‘doji’ candle on the weekly chart, however. 

EUR/USD support is 1.0720/1.0725. 

Gains (and a daily close) through 1.0790 would be a bullish cue for the EUR.

 

Feb 12, 2024

US Dollar to soften over the balance of 2024 versus the core majors – Scotiabank

The new year has started with the US Dollar (USD) recovering somewhat from its late 2023 sell-off.
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Feb 12, 2024

US Dollar has softer opening on Monday ahead of Tuesday’s CPI

The US Dollar (USD) is heading a touch softer this Monday morning despite two main elements that were making the news over the weekend. First and foremost were the controversial comments from former US President Donald Trump who said he
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