- Analytics
- News and Tools
- Market News
- EUR softer as spreads widen – Scotiabank
EUR softer as spreads widen – Scotiabank
The ECB cut its policy rate 25bps Thursday, as expected, Scotiabank's Chief FX Strategist Shaun Osborne notes.
EUR is trading softer following this week’s central bank policy moves
"Another cut in March is expected, at which point the ECB may drop its reference to policy being 'restrictive', suggesting policymakers feel rates are nearing neutral. Swaps anticipate further easing over the coming year to take the policy rate back to 2%. Eurozone/US short-term spreads have nudged a little wider since the FOMC Wednesday, leaving the 2Y spread at –207bps today and weighing on the EUR."
"Spot is down for a fourth day in a row and trading below the 40-day MA (1.0393) which had provided some support for the EUR earlier in the week. More corrective losses for the EUR seem likely after spot’s top/reversal at 1.0535 at the start of the week. Support is 1.0360 and 1.0315."
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
