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Posted by
Two Blokes Jun 4 -
Filed in
Forex
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2 views
The Euro to Dollar (EUR/USD) exchange rate has hit 5-week highs just above 1.1450 before settling just above 1.1400 with dollar confidence remaining notably fragile. MUFG sees scope for EUR/USD to weaken in the near term, especially with a relatively hawkish Fed, but expects that it will secure further net gains to 1.20 by the first.
