EUR soft despite fresh highs – Scotiabank

The Euro (EUR) is down a modest 0.3% as it fades a slight portion of Friday’s gains, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

Yield spreads offers fundamental support

"The outlook for relative central bank policy remains supportive and yield spreads are hitting fresh highs, providing a fundamental underpinning to the EUR’s latest gains. In terms of data, Germany’s IFO business climate sentiment figures were mixed, however the highlight will be Germany’s preliminary August CPI scheduled for Friday."

"Friday’s price action was notable in that the EUR delivered a bullish outside reversal with a clear break back above its 50 day MA . Momentum remains neutral however, with an RSI near 50, and descending resistance has been observed. We look to a near-term range of 1.1650 (support) and 1.1750 (resistance)."

Aug 25, 2025

NZD/USD has scope to test 0.5885 before levelling off – UOB Group

Rapid rise in New Zealand Dollar (NZD) has scope to test 0.5885 before levelling off becomes likely. In the longer run, NZD appears to have entered a range-trading phase; for the time being, it is likely to trade between 0.5820 and 0.5920, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

USD/JPY: Likely to trade in a range between 146.80 and 147.85 – UOB Group

US Dollar (USD) is likely to trade in a range between 146.80 and 147.85. In the longer run, outlook is mixed; USD could trade in a range between 146.40 and 148.40, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.