MUFG on the euro, says the autumn for the reason that US election somewhat overdone. Sees prospects for enchancment forward, citing (briefly)
- there’s a threat that the European Central Financial institution cuts charges slower than the market expects, MUFG says exp[ectations for cuts are ‘excessive’
MUFG says that the European Central Bank is not super-responsive to slow growth, pointing out that when the Bank was hiking rates in ’22-’23 it wasn’t paying a lot of attention to weak growth. MUFG think the same might apply in 2025 if inflation rises (citing Trump[ trade policy and EU retaliation on this)
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EUR/USD update:
