{"id":29101,"date":"2025-08-14T17:30:06","date_gmt":"2025-08-14T17:30:06","guid":{"rendered":"https:\/\/www.vtmarkets.com\/uncategorized\/scotiabank-reports-that-the-euro-has-dipped-slightly-below-1-17-but-remains-well-supported\/"},"modified":"2025-08-14T17:30:06","modified_gmt":"2025-08-14T17:30:06","slug":"scotiabank-reports-that-the-euro-has-dipped-slightly-below-1-17-but-remains-well-supported","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/en-ca\/live-updates\/scotiabank-reports-that-the-euro-has-dipped-slightly-below-1-17-but-remains-well-supported\/","title":{"rendered":"Scotiabank reports that the Euro has dipped slightly below 1.17 but remains well-supported"},"content":{"rendered":"<p>The Euro is slightly weaker during the session but remains above its recent lows. Recent price actions suggest short-term adjustments are occurring, while Eurozone data has shown no revisions for Q2 GDP, holding at 0.1% quarter-on-quarter and 1.4% year-on-year. June&#8217;s Industrial Production declined by 1.3% month-on-month, with previous strong gains from May being revised downwards.<\/p>\n<p>The Euro&#8217;s movement in the upper 1.16 range doesn&#8217;t disrupt its general upward trend since early this month. The currency\u2019s losses from yesterday appear to be a consolidation phase before potentially rising. Support is noted at 1.1635, with expectations that surpassing 1.1710 could propel the Euro towards 1.1750.<\/p>\n<p>Forward-looking statements involve inherent risks and uncertainties, requiring comprehensive research before making any decisions. Accurate risk assessment and understanding potential losses are essential in market investments. The content should not be viewed as a recommendation for buying or selling any specific assets.<\/p>\n<p>The positions expressed do not necessarily align with any official policies. No party takes responsibility for potential inaccuracies or errors in the information presented. Personalised recommendations are not provided, and investment advice is not intended.<\/p>\n<p>As of today, August 14, 2025, we are seeing the Euro pause slightly, but it is holding firm above its recent lows. This price action looks more like a short-term breather than a change in direction. The underlying upward trend that began earlier this month seems intact for now.<\/p>\n<p>The recent economic data from the Eurozone tells a mixed story, with June\u2019s industrial production figures from back then showing a decline. However, the more recent July flash CPI estimate for the Eurozone came in at 2.7%, just a bit higher than what markets were expecting. This stubborn inflation makes it less likely for the European Central Bank to consider cutting interest rates soon.<\/p>\n<p>We also have to consider the U.S. side of the equation, where initial jobless claims released today ticked up unexpectedly. This contrasts with the aggressive rate hike cycle we all remember from 2023, suggesting the Federal Reserve might have more reason to ease policy than the ECB. This dynamic is likely providing a floor for the Euro.<\/p>\n<p>For derivative traders, this suggests a strategy of cautious optimism in the coming weeks. Buying call options with strike prices above 1.1710 could be a way to capture potential upside toward the 1.1750 level while defining your maximum risk. It allows us to participate in a rally without being fully exposed if the consolidation breaks downwards.<\/p>\n<p>On the other hand, the support at 1.1635 is a key level to watch closely. If we see prices break below that, sentiment could shift quickly. Traders might consider buying protective put options below this level as a hedge against a sudden reversal.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Euro consolidates above recent lows amid stable GDP; potential gains seen if resistance surpasses 1.1710.<\/p>\n","protected":false},"author":62,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59],"tags":[],"class_list":["post-29101","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/29101","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/users\/62"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/comments?post=29101"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/29101\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media?parent=29101"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/categories?post=29101"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/tags?post=29101"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}