RSS MUFG expect EUR/USD under parity - Trump tariffs to hit quickly

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 RSS MUFG expect EUR/USD under parity - Trump tariffs to hit quickly

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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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