EUR/USD stabilizes after pullback from December highs – Scotiabank

The Euro (EUR) is trading marginally higher against the US Dollar (USD), consolidating after its retreat from late-December highs as European Central Bank (ECB) commentary strikes a more balanced tone, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

ECB rhetoric turns more neutral as EUR consolidates

"The EUR is steady, up fractionally vs. the USD as it consolidates its recent pullback from its late December highs around 1.18. Fundamental releases have been limited and comments from the ECB have reintroduced a slightly more neutral bias with comments from GC Villeroy highlighting both upside and downside risks."

"The EUR’s latest pullback looks to have found support around the 50 day MA at 1.1660 and momentum remains close to neutral with an RSI hovering just below the diving threshold at 50. We look to a nearterm range bound between 1.16 and 1.17."

EUR/USD remains range-bound near one-month lows after mixed US data

The Euro (EUR) trades little changed against the US Dollar (USD) on Wednesday, with traders showing a muted reaction to the latest US Producer Price Index (PPI) and Retail Sales data.
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EUR/CHF edges higher as safe-haven demand fades – Société Générale

EUR/CHF is gradually moving higher as easing geopolitical tensions trigger a partial unwind of the Swiss Franc’s (CHF) safe-haven premium, Société Générale's FX analysts Olivier Korber and Kit Juckes reports.
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