25.4 C
Tokyo
2024年 6月 17日 月曜日

EUR/USD: Seen moving into a higher range after breaking 1.1000 – MUFG

Must read

アメリカ

The EUR/USD is moving with a bullish bias according to analysts at MUFG Bank. They see the pair trading in the range 1.0700 -1.1400 over the next weeks.

アメリカ Key quotes:

“The EUR has continued to outperform other G10 currencies. The EUR is benefitting from the easing of last year’s negative terms of trade shock. The incoming economic data flow from the euro-zone is continuing to surprise to the upside although not as strongly as at the start of this year.”

“Fears over a sharper growth slowdown have also been eased by the quick action taken by the Swiss authorities to deal with concerns over the health of Credit Suisse that have helped reduce financial stability risks in Europe.”

“The better than expected growth outlook for the euro-zone economy is putting pressure on the ECB to raise rates further. We still expect the ECB to step down the pace of hikes at their next policy meeting on 4th May by delivering a 25bps hike but one can’t rule out another larger 50bps hike.”

“We expect EUR/USD to move up into a higher trading range after breaking above the 1.1000-level on a more sustained basis.”

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. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

引用元へ

- Advertisement -spot_img

More articles

- Advertisement -spot_img

Latest article