January 06, 2025 at 12:51AM
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.
MUFG expect EUR/USD under parity – Trump tariffs to hit quickly