Economists at MUFG Bank see EUR/USD higher but lower than previously forecast.
Economists at MUFG Bank see EUR/USD higher but lower than previously forecast.
Some upside scope from here
We have nudged our peak EUR/USD level of 1.1500 a little lower.
Weaker-than-expected data from the Eurozone, a rate hike by the Fed in July and continued global growth concerns will take some of the modest upward momentum away from EUR/USD.
Still, assuming no notable worsening of growth in the Eurozone and some pick-up in China optimism, we still see some upside scope from here.
We have nudged our peak EUR/USD level of 1.1500 a little lower.
Weaker-than-expected data from the Eurozone, a rate hike by the Fed in July and continued global growth concerns will take some of the modest upward momentum away from EUR/USD.
Still, assuming no notable worsening of growth in the Eurozone and some pick-up in China optimism, we still see some upside scope from here.
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