- Analytics
- News and Tools
- Market News
- EUR/USD to drift higher later in the year – MUFG
EUR/USD to drift higher later in the year – MUFG
In February, the Euro weakened further versus the US Dollar moving from 1.0866 to 1.0612. Economists at MUFG Bank expect the world’s most popular currency pair to move back higher later in the year.
ECB is set to be on hold for longer than the Fed
“As we had expected, the US Dollar has rebounded and EUR/USD is set to fall modestly further from here as inflation risks turn higher again. However, despite the substantial jump in US yields, spreads with Europe have moved only modestly and in general, EUR/USD is trading at an appropriate level based on historic spreads.”
“The end of negative rates in the Eurozone and the scope for Eurozone equity outperformance relative to the US point to the potential for EUR/USD to grind higher later this year. The ECB is set to be on hold for longer than the Fed.”
“EUR/USD – Q1 2023 1.0500 Q2 2023 1.0800 Q3 2023 1.1000 Q4 2023 1.1200”
© 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
