EUR – English
- MUFG is betting against the euro, targeting EUR/USD at 1.13. Even though the IEA announced a record release of 400 million barrels from emergency reserves, MUFG believes it will not be enough to calm oil markets because the oil takes time to actually reach buyers.
- Europe imports nearly all its energy, so rising oil prices act like a direct tax on the economy. Higher energy costs slow growth, squeeze businesses, and make the euro less attractive to hold.
- With oil supply still under threat and prices likely climbing further, MUFG sees more euro weakness ahead.
EUR – Urdu
- MUFG euro ke khilaf bet laga raha hai aur EUR/USD ko 1.13 tak girne ka target de raha hai.
- IEA ne emergency reserves se record 400 million barrels oil release karne ka elan kiya hai, lekin MUFG ke mutabiq is se oil market zyada calm nahi hogi kyun ke oil ko buyers tak pohanchne mein waqt lagta hai.
- Europe apni zyada tar energy import karta hai, is liye oil prices ka barhna economy par seedha tax jaisa asar karta hai.
Sentiment : Bearish
