Euro: Hawkish ECB hike expected to support EUR against US Dollar – Scotiabank

Euro: Hawkish ECB hike expected to support EUR against US Dollar – Scotiabank

Source: EODHD - https://www.fxstreet.com/news/euro-hawkish-ecb-hike-expected-to-support-eur-against-us-dollar-scotiabank-202609091414
Published: Sep 09, 2026 10:14 AM

Scotiabank strategists Shaun Osborne and Eric Theoret report EUR/USD is flat in North American trade after touching a one-week high, with fundamentals supported by firmer European Central Bank (ECB) rate expectations on higher Oil prices.

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.