MUFG predicts that the #EURUSD at a rate of 1.08942 will regain its value after experiencing a decline due to the less robust Eurozone PMIs.

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MUFG predicts that the #EURUSD at a rate of 1.08942 will regain its value after experiencing a decline due to the less robust Eurozone PMIs.

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    The drop in EUR/USD by close to 1% on Friday highlighted the greater FX sensitivity to incoming economic data that increasingly influence short-term rate expectations. Economists at MUFG Bank analyze the pair’s outlook.

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