The euro may continue gaining ground even if the European Central Bank voices concern about its recent rise at Thursday’s meeting, according to MUFG Bank.
While such remarks could temporarily slow the euro’s momentum, they’re unlikely to spark a lasting decline, analysts said in a note.
- added that markets are now less certain the ECB will cut rates again this year, despite the stronger euro potentially putting downward pressure on inflation.
- even the possibility of new U.S. tariffs hasn’t been enough to lead investors to price in additional rate cuts
