Scotiabank believes that the Euro is being strengthened due to favorable remarks from the ECB. As of now, the EUR to USD exchange rate stands at 1.09193.

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EURUSD Chart by TradingView

EUR is underpinned by European Central Bank (ECB) hawks, economists at Scotiabank report.

See: EUR/USD should continue to feel at ease in the area around 1.09 – Commerzbank

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