Forex
globalreutersJanuary 6, 20251 Mins read
MUFG expect EUR/USD under parity – Trump tariffs to hit quickly
globalreutersJanuary 6, 20251 Mins read MUFG assess that EUR/USD is likely to fall under parity in the weeks ahead, citing:
- prospect of Trump trade tariffs soon after January 20 inauguration
- Trump likely to act quickly to implement tariffs
- Add in the weaker eurozone economic outlook compared to the US
- that there was no euro rally into 2024 year-end indicates traders not inclined to take profits on EUR shorts
This article was written by Eamonn Sheridan at www.forexlive.com.
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