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MUFG looking for EUR/USD to 1.05

MUFG summary via eFX. For bank trade ideas, check out eFX Plus.Current Tight Trading Range: MUFG notes that EUR/USD has been trading within a narrow range of 1.0500 to 1.1000, supported by their short-term valuation model that takes into account yield spreads, equity market performance, and energy prices. Downward Pressure on EUR/USD: MUFG expects EUR/USD to gravitate towards the lower end of the aforementioned range. They attribute this to various short-term fundamentals that include yield diff...
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Posted: Sep 10 2023, 23:39
Author Name: forexlive
Views: 091393