This via eFX.
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- MUFG goes short EUR/USD with a target at 0.97 and a stop at 1.04.
- "We are recommending a short EUR/USD trade idea to reflect our stronger conviction that the pair will soon break below parity," MUFG notes.
- We are maintaining a long USD/CAD trade idea to reflect the increasing risk that the CAD will weaken further in the near-term on the back of intensifying fears over a sharper slowdown in global growth," MUFG adds.
EUR/USD has started the week off a bit softly:
