MUFG Forecast: Dollar Now in a Long-Term Bear Market, EUR/USD Heading above 1.20

  • Between 2004-2014, MUFG notes that EUR/USD generally traded above the 1.20 level before trading below this level for most of the following 10 years. With the dollar losing exceptionalism and a notably different global financial outlook, MUFG now considers that there is scope for EUR/USD to trade above the 1.20 level once again.