The Euro (EUR) remains stable against the US Dollar (USD), trading in a tight range around the mid-1.16s as the North American session begins. Scotiabank's Chief FX Strategists, Shaun Osborne and Eric Theoret, highlight this period of consolidation, indicating a lack of significant movement in the EUR/USD currency pair.
This steady performance comes amid a broader market environment that is currently weighing on volatility. Traders appear to be adopting a cautious stance, potentially awaiting further economic data that could influence future exchange rate movements. The Euro's resilience in the mid-1.16s suggests a balance of forces at play, with the market closely monitoring upcoming developments.
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Data Source: FX Killer Analysis Team Updated: 2025-12-08 14:48
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.