Scotiabank: improving eurozone data points to stronger euro

EUR expected to bolster on positive economic data, USD to soften as global risks dissipate

euro chain strong - Getty - web.jpg
Steeled euro: the currency is poised to appreciate steadily this year

CLICK HERE TO DOWNLOAD THE PDF (only available to FX Week Corporate subscribers)

The euro is poised to appreciate steadily throughout 2020, as markets lift the currency closer to its long-run fundamentals and major uncertainties dissipate, says Shaun Osborne, chief FX strategist at Scotiabank.

The Canadian bank topped FX Week’s three-month G10 forecast table this week.

“We estimate that EUR/USD should be trading at 1.14 currently, based on its long-run fundamental drivers, while we expect the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: