Euro: Rally stalls against US Dollar as spreads drive trade – Scotiabank

Euro: Rally stalls against US Dollar as spreads drive trade – Scotiabank

Source: EODHD - https://www.fxstreet.com/news/euro-rally-stalls-against-us-dollar-as-spreads-drive-trade-scotiabank-202608261843
Published: Aug 26, 2026 2:43 PM

Scotiabank strategists Shaun Osborne and Eric Theoret report the Euro (EUR) is slightly softer versus the Dollar, with its late-July rally stalling as price action mirrors yield spreads.

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.