Scotiabank: improving eurozone data points to stronger euro

EUR expected to bolster on positive economic data, USD to soften as global risks dissipate

euro chain strong - Getty - web.jpg
Steeled euro: the currency is poised to appreciate steadily this year

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The euro is poised to appreciate steadily throughout 2020, as markets lift the currency closer to its long-run fundamentals and major uncertainties dissipate, says Shaun Osborne, chief FX strategist at Scotiabank.

The Canadian bank topped FX Week’s three-month G10 forecast table this week.

“We estimate that EUR/USD should be trading at 1.14 currently, based on its long-run fundamental drivers, while we expect the

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