MUFG expects that the Euro to Dollar (EUR/USD) exchange rate will strengthen to 1.1050. According to MUFG; “A fourth consecutive monthly upside inflation surprise is required to inject fresh upward momentum into US rates and the USD in the near-term. Whereas in line or softer prints could see the USD give back more of the gains from the start of this year.” It added; “One of the reasons why the USD has lost upward momentum has been building evidence that economic growth has picked up outside of the US at the start of this year.” Goldman Sachs, however, forecasts that the Euro to Dollar (EUR/USD) exchange rate will ... (full story)