EUR/USD: comfortable around 1.13 handle - Scotiabank

Analysts at Scotiabank noted that EUR/USD looks relatively stable around the 1.13 line but the EUR traded poorly overall last week, losing ground against every G10 counterpart apart from the CHF. 

Key Quotes:

"Market participants will approach the ECB policy meeting cautiously; no change in rate is expected but President Draghi’s press conference may see him emphasize loose policy settings in the Eurozone in an attempt to push the EUR lower.

ECB’s Nowotny told reporters in Washington last week that central banks had to act in the interest of their own region—suggesting central banks are not perhaps at all invested in the idea of co-operation on FX matters."