Euro: Spreads support upside bias against US Dollar – Scotiabank

Euro: Spreads support upside bias against US Dollar – Scotiabank

Source: EODHD - https://www.fxstreet.com/news/euro-spreads-support-upside-bias-against-us-dollar-scotiabank-202608141609
Published: Aug 14, 2026 12:09 PM

Scotiabank strategists Shaun Osborne and Eric Theoret report EUR/USD trading in the mid-1.15s with modest gains versus the US Dollar (USD), supported by euro area Gross Domestic Product (GDP) and a return to trade surplus.

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.