EUR/USD: Room for a slide toward the 1.0330 area – MUFG – by MSalordFX EURUSD Currencies Banks
The EUR/USD is about to post the lowest weekly close in two months. According to analysts at MUFG Bank, the
“The recent move lower in EUR/USD has been mainly driven by the USD leg. Stronger US activity data combined with firmer inflation at the start of this year is encouraging market participants to price in a more hawkish“While euro-zone activity data it still surprising to the upside on balance, the scale of upside surprise is beginning to diminish.
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