# Euro-to-Dollar Rate Downside is Limited from Here says MUFG

> MUFG analysts say the euro's downside against the dollar is limited, and the currency can recover even without ECB rate hikes. The euro has fallen only about 0.29% against the dollar despite weak eurozone data. MUFG attributes this resilience partly to the euro area's large current account surplus.

- Date: 2019-02-05 · published 2019-02-05T12:00:00.000Z
- Category: market · region Eurozone · magnitude low
- Page: https://feedsoft.ai/events/60827-euro-to-dollar-rate-downside-is-limited-from-here-says-mufg
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A limited euro downside means dollar-priced commodity import costs for European buyers are less likely to rise sharply. The view is a currency forecast with little direct effect on feed supply.

## Read by commodity

- EURUSD: neutral

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/eurusd/10802-euro-to-dollar-rate-downside-is-limited-from-here-says-mufg

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.