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Jul 12 - 11:00 AM
EUR/USD: Here Is Why Doubts On ECB Guidance Will Eventually Help EUR - MUFG
First appeared on eFXplus on Jul 12 - 09:00 AM

MUFG Research discusses EUR/USD outlook in light of the recent reports that the ECB was divided over the timing of that first rate increase with some believing it could come in July.

"Credibility is everything with these doubts over ECB guidance likely to grow if the euro-zone economy continues to recover. German data of late (industrial production, factory orders and PMIs) strongly point to a rebound in growth after the slowdown in Q1.

Doubts over guidance will then influence the markets less and one avenue for reflecting those doubts, just like in 2017, will be through EUR appreciation," MUFG argues. 

Source:
BTMU Research/Market Commentary

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