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- EUR/USD: Still further modest upside – MUFG
EUR/USD: Still further modest upside – MUFG
Economists at MUFG Bank analyze EUR/USD outlook after the ECB policy update.
Further near-term gains for cyclical currencies
We believe the dovish policy shift from the Fed will be more important for FX markets leaving the door open for EUR/USD to strengthen modestly through the rest of this year even if the ECB hiking cycle has ended.
The developments are supportive for further near-term gains for cyclical currencies (commodity & EM FX) against the Euro and US Dollar.
See – EUR/USD: Euro will be able to appreciate over the coming months – Commerzbank
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