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Japan's April core CPI likely decelerated to 1.7% y/y from 1.8%, staying below the Bank of Japan's 2% target for a third consecutive month. Government gasoline subsidies and lower energy prices conti…
EURUSD steadies near mid-October highs on hawkish ECB signals and expectations of upcoming Fed rate cuts, bolstering euro strength amid divergent monetary policies.
Fed officials remain divided on December rate cuts amid mixed inflation and labor market data, creating uncertainty for future monetary easing and impacting USD versus EUR movements.
MUFG says euro should stay on an upward trend as ECB resists cutting rates while the Fed is expected to resume cuts around Sept 17, forecasting EUR/USD above 1.20 by year-end.