May 6, 2024 – Written by David Woodsmith
Leave a comment STORY LINK Euro to Dollar Outlook: Divergence “may add Downward Pressure over Short-term” say MUFG
Currency exchange strategists at CIBC expect the Euro to Dollar exchange rate (EUR/USD) will weaken to 1.05 before a recovery to 1.07 at the end of 2024.
MUFG expects net EUR/USD gains to 1.12 after any initial vulnerability.
EUR/USD found support close to 1.0650 during the week and rallied to 1.0770 after weaker-than-expected US data.
The…
Read More
