In January, EUR/USD weakened again after the rebound at the end of the year. The economists of MUFG Bank They analyze the pair's prospects.
EUR/USD downside correction followed by rebound to new highs
For the year as a whole, the forward market indicates a remarkably synchronized easing of interest rates by the Fed and ECB, which, if true, would point to limited scope for large EUR/USD moves driven by the performance.
We remain neutral on EUR/USD in the first halfbut we see a slowdown in the US economy, which contrasts to some extent with a modest rebound in growth in the euro zone, which will allow the EUR/USD rises in the second halfalthough the movement will be slowed by American political risks.
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.
