MUFG expect EUR/USD under parity - Trump tariffs to hit quickly ...Middle East

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 inaugurationTrump likely to act quickly to implement tariffsAdd in the weaker eurozone economic outlook compared to the USthat 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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