The Euro is approaching lows of the year. Economists at MUFG Bank analyze EUR/USD outlook. USD upside risks over the short term but depreciation shoul
The global growth backdrop is set to remain conducive to continued Dollar strength this quarter before Dollar depreciation sets in from Q1 2024 as the evidence of slower US economic growth builds and pricing for rate cuts increases.
We see a window for further Dollar strength that could take EUR/USD back toward parity. A November FOMC rate hike would reinforce strength although we do not expect a break back below parity.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.EUR/USD dropped to a fresh 2023-low near 1.0450 on Tuesday before staging a modest rebound. After the data from the US showed that the number of job openings rose unexpectedly in August, the US Dollar extended its rally and caused the pair to turn south in the American session.GBP/USD fell sharply to the 1.
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