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EUR outperforms modestly on firmer EZ GDP – Scotiabank

Stronger than expected Q3 GDP from France (+0.5% Q/Q) helped lift Eurozone growth to a better–than-expected 0.2% in the quarter and 1.3% in the year, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

ECB is expected to hold

"The data gave the EUR a mild lift ahead of this morning’s ECB policy decision, where a third consecutive hold is likely. President Lagarde may reaffirm that policy is in a 'good place' right now as policymakers assess developments, pointing to steady rates persisting for some time."

"Spot is holding with recent ranges but the heavy sell-off in the EUR from yesterday’s intraday high strengthens resistance in the 1.1665/70 zone and rather tilts risks towards a retest of support at 1.1580. Key support is 1.1540."

EUR/JPY holds near record highs as Yen weakens after BoJ; ECB decision eyed

The Euro (EUR) is holding firm against the Japanese Yen (JPY) after surging to record highs earlier in the day, as the Yen remains broadly weaker across major peers following the Bank of Japan’s (BoJ) interest rate decision.
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GBP little changed but undertone is soft – Scotiabank

Pound Sterling (GBP) is little changed on the session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
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