Euro: Downside bias builds into NFP against US Dollar – MUFG
MUFG’s Lee Hardman notes that softer Euro-zone inflation has pushed EUR/USD below support at 1.1400, with yields falling and markets less confident of another ECB rate hike. The ECB’s “milder” scenario now looks more likely, reducing pressure to tighten further.
MUFG’s Lee Hardman notes that softer Euro-zone inflation has pushed EUR/USD below support at 1.1400, with yields falling and markets less confident of another ECB rate hike. The ECB’s “milder” scenario now looks more likely, reducing pressure to tighten further.
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