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Mitsubishi UFJ expects the US dollar to decline by 2026, with the euro against the dollar rising to 1.24
GateNews
ChainCatcher News reports, according to Jinshi, analysts at Mitsubishi UFJ Bank pointed out that due to the possibility that the Federal Reserve’s rate cut may exceed market expectations, the US dollar will face further decline this year. Federal Reserve Chairman Powell stated that since April, the number of new jobs added each month may have been overestimated by 6,000. Analysts say that the US is actually losing jobs, and with monetary policy still being tight, a turnaround will be very rare. Mitsubishi UFJ Bank forecasts that by Q4 2026, the EUR/USD exchange rate will rise from the current 1.169 to 1.24.
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