Worsening global growth conditions to keep USD well supported into the jobs data on Friday – MUFG EURUSD DollarIndex Growth Inflation Banks
“While global growth optimism continues to fade, the markets at the same time has removed nearly all of the monetary easing priced in the US by the end of the year. These developments are ideal for a strengthening“Weaker inflation data now is unlikely to alter plans over the coming two meetings to hike twice by 25 bps so we don’t see weaker inflation as a negative for EUR at this point.
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