He EUR/USD it advanced to its strongest level since early February above 1.0970. The economists of MUFG Bank They expect the pair to return to the middle of the 1.1000-1.1500 range.
Two-year swap spread will help EUR/USD rise
“We see the US dollar suffering the most against the major G10 currencies. The Swiss franc, yen and euro remain three of the four best performing G10 currencies (pound being the other) and if US yields If the US continues to decline, that’s where we would expect to see the biggest moves.”
“EUR/USD continues to lag where yields indicate it should trade: between 1.1000 and 1.1500.”
“The 2-year EZUS swap spread closed yesterday at -86bp, near recent highs not seen since October 2021. If that level can be held in the near term, we could see EUR/USD back towards the halving very soon. that range of 1.1000-1.1500.”
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
