MUFG: Slower Dollar Decline in Prospect, End-2025 EUR/USD Forecast 1.20

  • The Euro to Dollar exchange rate (EUR/USD) hit 45-month highs close to 1.1830 early this week before a limited correction. MUFG expects the dollar will lose further ground over the next few months but, after losses of 10.7% in the first half of 2025, the bank expects that the pace of depreciation will slow.