The EUR/USD pair last traded around 1.0750. The Scotiabank economists expect the pair to break above the 1.0750 area.
Eurozone assets remain attractive
“The stars have aligned to put the euro in a good position to extend its bull run. Sentiment towards the euro has clearly improved against a backdrop of receding recession risks, helped by unusually warm weather that reduces the impact of the energy crisis, and the continuation of the ECB’s hard-line policy.”
“Eurozone assets remain attractive (strong returns relative to the US stock market since October), giving the euro some additional tailwinds.”
“If weak CPI is reported in the US tomorrow, the pair is likely to be around 1.0750.”
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
