Euro: Consolidation with downside risks against US Dollar – Scotiabank

Euro: Consolidation with downside risks against US Dollar – Scotiabank

Source: EODHD - https://www.fxstreet.com/news/euro-consolidation-with-downside-risks-against-us-dollar-scotiabank-202609161509
Published: Sep 16, 2026 11:09 AM

Scotiabank strategists Shaun Osborne and Eric Theoret note the Euro (EUR) is consolidating in a tight range around the mid-1.15s as markets await the Federal Open Market Committee (FOMC).

Market context: This update is relevant to EUR traders, with EURUSD as the primary instrument to monitor for follow-through, trend continuation, or headline volatility.