EUR/USD: Euro to remain under downward pressure in the near-term – MUFG – by MSalordFX EURUSD Banks Currencies
trade idea and see it moving below parity. They consider the euro will be affected by ongoing fears over disruption to the Eurozone economy and fragmentation risks. “We expect the EUR to remain under downward pressure in the near-term driven by ongoing fears over disruption to the euro-zone economy from energy supply constraints and fragmentation risks.”
“We are not expecting the ECB to step in to support the Italian bond market in response to higher political uncertainty unless yields spike higher. We expect these negative factors to outweigh the ECB’s more front-loaded tightening.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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