MUFG read the future on the French vote. MUFG forecasts EUR/USD above $1.2000 by year-end.

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Analysis, in brief, from MUFG. Notably this was from prior to the French vote of no confidence in the Prime Minister. MUFG reading the future:“We are not expecting the pick-up in political uncertainty in France to derail the euro’s current upward trend and/or encourage the ECB to cut rates further at the current juncture”Euro strength from favorable monetary policy divergence between the Federal Reserve and European Central BankFed is expected to resume cutting at its September 17 meetingCompared with the ECB signaling a higher hurdle for further rate cuts, likely to be on hold on ThursdayMUFG forecasts EUR/USD above $1.2000 by year-end. This article was written by Eamonn Sheridan at investinglive.com.