Mitsubishi UFJ Analysts Predict Further Decline of U.S. Dollar Amid Fed Rate Cuts
😧❓$EUR
According to ChainCatcher, analysts from Mitsubishi UFJ Bank have indicated that the U.S. dollar is likely to experience further depreciation this year due to the Fede Reserve's rate cuts potentially exceeding market expectations. Federal Reserve Chair Jerome Powell has noted that since April, the monthly increase in employment figures may have been overestimated by 6,000 jobs. Analysts suggest that the U.S. is actually losing jobs, and with monetary policy remaining tight, improvements in the situation are expected to be rare. Mitsubishi UFJ forecasts that by the fourth quarter of 2026, the euro-to-dollar exchange rate will rise from the current 1.169 to 1.24.🤫
