EUR/USD to struggle to extend its advance much further above parity – MUFG EURUSD Energy Banks
has surged above parity. However, the pair is unlikely to extend its race higher, in the opinion of economists at MUFG Bank.“We still believe the energy crisis in Europe will continue to limit how far the euro can strengthen on the back of a hawkish ECB, and eventually limit how far the“We remain sceptical over EUR/USD’s ability to extend its advance much further above parity.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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