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EUR/USD Rises as Mixed US Data Underwhelms /
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2024-05-13 16:01:45

EUR/USD Rises as Mixed US Data Underwhelms on Nostr: MUFG recommends buying EUR/USD amid favorable economic conditions and a US economic ...

MUFG recommends buying EUR/USD amid favorable economic conditions and a US economic slowdown
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#5acfe72f ver:0.49

MUFG recommends buying EUR/USD as the Euro gains strength amid favorable economic conditions in the Eurozone and a potential US economic slowdown. MUFG believes the US economy has peaked and recommends buying EUR/USD with a target of 1.1050. The Euro has remained resilient despite widening yield spreads in favor of the US dollar, indicating underlying demand. A weaker US economy could trigger losses for the dollar and potential rate cuts by the Federal Reserve. #EURUSD #economy #USD #Eurozone...

#newstr #Eur/usd #UsEconomy #Mufg #InterestRates #EconomicConditions

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