Mitsubishi UFJ expects the US dollar to decline until 2026, with the euro rising to 1.24 against the dollar.
ChainCatcher news, according to Golden Ten Data, analysts at Mitsubishi UFJ Bank pointed out that due to the Federal Reserve's rate cuts possibly exceeding market expectations, the US dollar will face further declines 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 said that the US is actually losing jobs, and with monetary policy still relatively tight, an improvement in the situation will be very rare. Mitsubishi UFJ expects that by the fourth quarter of 2026, the euro-to-dollar exchange rate will rise from the current 1.169 to 1.24.
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