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EUR/USD: positive on the Eurozone outlook - Scotiabank

Analysts at Scotiabank explained that EUR/USD is looking modestly better offered as the North America session gets underway. 

Key Quotes:

"ECB’s Praet sounded positive on the Eurozone outlook, noting that deflationary risks have “disappeared” and while some measures or underlying inflation have improved recently."

"Those comments may not have much influence on the EUR in the short run, considering that the ECB has just extended its asset purchase programme, but it does reiterate the view that the ECB’s easing measures are closer to a conclusion."

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