{
  "id": 27056,
  "title": "Euro: Range seen around mid‑1.15s against US Dollar – Scotiabank",
  "url": "https://urgent.news/2026/07/31/euro-range-seen-around-mid-1-15s-against-us-dollar-scotiabank",
  "topic": "ai",
  "section": "AI",
  "published": "2026-07-31T14:35:34.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/euro-range-seen-around-mid-115s-against-us-dollar-scotiabank-202607311435"
  },
  "original_language": "en",
  "account": "Scotiabank's FX team predicts the EUR/USD exchange rate will hover around the mid-1.15s against the US Dollar, following a rally driven by the Federal Reserve. Euro-area consumer price index (CPI) figures for July came in as expected, with headline inflation at 2.9% year-over-year and core at 2.5% year-over-year, both slightly above the previous month's readings. The modest rise in French CPI also provided a brief boost to the euro, but the effect proved short-lived as prevailing market sentiment took over. European Central Bank (ECB) comments have been limited, and the speaking calendar remains empty for the coming week. Market participants now expect around 22 basis points of tightening for September, with a cumulative total of 42 basis points by December, as rate expectations stabilize after recent fluctuations. The 2-year spread between German and US government bonds remains supportive, and the fair-value estimate for EUR/USD is placed in the mid-1.15s, with a near-term range of 1.1450 to 1.1550. Bullish technical indicators, such as the Relative Strength Index (RSI) and the 50-day moving average, suggest a bullish outlook, with the 50-day average broken and daily chart showing little resistance before breaking the 1.16 barrier.",
  "summary": "Scotiabank’s FX team notes EUR/USD is drifting toward 1.15 after a Fed‑driven rally, with euro area CPI broadly in line with expectations and French data briefly lifting the Euro. Rate expectations are stabilizing, with about 42 bps of tightening priced by December.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}