- Analytics
- News and Tools
- Market News
- EUR/USD Likely to remain in a consolidation phase into US elections - MUFG
EUR/USD Likely to remain in a consolidation phase into US elections - MUFG
eFXdata reports that MUFG Research adopts a neutral bias on EUR/USD ahead of the US November elections.
"The recent loss of upward momentum for the EUR has coincided with building concerns over rising COVID cases in Europe. The number of new cases in major European countries is now higher than in the US. A dynamic that could already be helping to ease bearish sentiment towards the USD in the near-term," MUFG notes.
"In these circumstances, we continue to expect the EUR to remain in a consolidation phase at higher levels ahead of the US election. The EUR’s recent loss of upward momentum brings some relief for the ECB although we still expect that policymakers will deliver further easing at next month’s meeting," MUFG adds.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
