Mitsubishi UFJ Financial Group predicts the dollar will fall until 2026, while the euro is expected to rise to 1.24 against the dollar.

This article is machine translated
Show original

According to ChainCatcher, citing Jinshi, analysts at Mitsubishi UFJ Bank point out that the US dollar will face further declines this year as the Federal Reserve's interest rate cuts may exceed market expectations. Federal Reserve Chairman Powell stated that monthly job growth since April may have been overestimated by 6,000. Analysts say the US is actually losing jobs, and with monetary policy remaining tight, any improvement will be very rare. Mitsubishi UFJ predicts that the euro will rise to 1.24 against the dollar from its current level of 1.169 by the fourth quarter of 2026.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments