EUR rebounds through upper 1.16s – Scotiabank

The Euro (EUR) has rebounded firmly from yesterday’s dip to the low 1.16s and is threatening a return to a 1.17 handle as out session gets going, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

Focus on Trump/Putin talks

"Focus on today’s Trump/ Putin meeting may be helping the EUR outperform many of its peers somewhat amid hopes that talks can pave the way for some sort of peace deal for Ukraine."

"The EUR’s broader August rebound remains intact, with the market carving out a succession of higher highs and higher lows following the brief August 1 dip under 1.14. Support intraday is 1.1640, ahead of 1.1590/00. A push through this week’s high at 1.1730 should pave the way for a retest of the upper 1.17s."

Aug 15, 2025

AUD/USD: Likely to trade between 0.6455 and 0.6555 – UOB Group

Sharp decline could test 0.6475 before stabilisation can be expected. In the longer run, Australian Dollar (AUD) is still trading in a range, probably between 0.6455 and 0.6555, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

NZD/USD: Any weakness is likely part of a lower range of 0.5905/0.5950 – UOB Group

Further New Zealand Dollar (NZD) declines are not ruled out, but any weakness is likely part of a lower range of 0.5905/0.5950. In the longer run, NZD has likely entered a 0.5880/0.5980 consolidation phase, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.