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LOW IMPACT FXStreet · May 13, 03:12 PM

Euro: Trading mildly softer against US Dollar – Scotiabank

Scotiabank strategists Shaun Osborne and Eric Theoret report EUR/USD trading softer near 1.1711, extending its recent downward drift as markets weigh US–Iran tensions and UK political risks alongside German reform uncertainty.

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BEARISH 75% confidence

The EUR/USD pair is likely to continue its downward trend as geopolitical tensions and domestic uncertainties weigh on the euro. Traders may seek to short the euro against the dollar in the short term.

AI-generated analysis. For educational purposes only — not financial advice.

Scotiabank strategists Shaun Osborne and Eric Theoret report EUR/USD trading softer near 1.1711, extending its recent downward drift as markets weigh US–Iran tensions and UK political risks alongside German reform uncertainty.

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