EUR regains low 1.05 area – Scotiabank
EUR/USD is holding close to last week’s high, supported by some further narrowing in EZ/US spreads as US yields retreat. The 2Y gap has narrowed to –195bps, the narrowest since early November, Scotiabank’s Chief FX Strategist Shaun Osborne notes. Lower US yields compress spreads “Germany’s IFO survey reflected a small improvement in the business climate … Read more