• EUR/USD: Risks are tilted modestly to the downside in the near term – MUFG

Noticias del mercado

8 febrero 2024

EUR/USD: Risks are tilted modestly to the downside in the near term – MUFG

The Euro has rebounded against the US Dollar in recent days after hitting a year-to-date low at the start of this week at 1.0723. Economists at MUFG Bank analyze EUR/USD outlook.

Rising likelihood of ECB cutting ahead of Fed weighing on EUR/USD

The recent run of stronger US economic data and pushback by Fed officials against a rate cut as soon as in March has prompted the US rate market to delay the expected timing of the Fed’s first cut until the 1st May FOMC meeting. In contrast, the Eurozone rate market has moved to price in a higher probability of the ECB delivering an earlier rate cut in April rather than June although the timing is still finely balanced.

We continue to judge that risks are tilted modestly to the downside for EUR/USD in the near term.

 

Enfoque del mercado
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Abrir cuenta demo y página personal
Entiendo y acepto la Política de Privacidad y estoy de acuerdo con que mi nombre y datos de contacto sean procesados por TeleTrade y utilizados para contactarme en lo referente a: