MUFG sees ECB hike this week, flags downside risk for euro
EUR/USD — All Desk Targets
30 desks
| Firm | Stance | YE 2026 |
|---|---|---|
Goldman Sachs | Bearish | 1.1200 |
MUFG | Bullish | 1.1800 |
J.P. Morgan | Bearish | 1.1300 |
From the original
With a second 25bp hike already fully priced in, MUFG expects the euro and euro-zone rates to trade off the ECB's guidance rather than the decision itself, leaving Lagarde's press conference as the real event risk this week. The bar for a hawkish surprise has risen sharply after