MUFG assess that EUR/USD is likely to fall under parity in the weeks ahead, citing:

  • prospect of Trump trade tariffs soon after January 20 inauguration
  • Trump likely to act quickly to implement tariffs
  • Add in the weaker eurozone economic outlook compared to the US
  • that there was no euro rally into 2024 year-end indicates traders not inclined to take profits on EUR shorts
eur symbol cracked