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EUR/USD: More confident Fed will pause hiking before ECB; staying long EUR/USD - MUFG

EUR/USD: More confident Fed will pause hiking before ECB; staying long EUR/USD - MUFG
MUFG Research maintains a long EUR/USD position in spot from 1.10950, targeting a move towards 1.1350, with a stop at 1.0750."In light of recent developments, we are more confident that the Fed will pause their hiking cycle before the ECB. The narrowing of yield differentials between the eurozone and the US has been helping to the euro to strengthen against the US dollar this year," MUFG notes. "We see room for this move to extend further in the near-term and recommended a new long EUR/USD tr... Read More
Posted: Apr 25 2023, 19:12
Author Name: forexlive
Views: 112299

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