EUR/USD: little changed, aided by improved EZ data - Scotiabank

Analysts at Scotiabank noted that EUR/USD is little changed from levels prevailing Monday. 

Key Quotes:

"Spreads are stable and Eurozone stocks have perhaps lost a little of the luster that helped support the EUR in the immediate aftermath of the French presidential election. 

Italian industrial production data showed output rising a stronger than expected 2.8% in the May year, however, and Eurozone data trends have generally held up better than US numbers (in terms of outcomes versus expectations) over the past few weeks, supporting the fundamental improvement in the EUR, we think."