Mitsubishi UFJ expects the dollar to decline by 2026, with the euro rising to 1.24 against the dollar

According to Jinshi News, analysts at MUFG Bank have pointed out that the dollar will face further declines this year as the Federal Reserve's rate cuts may exceed market expectations. Federal Reserve Chairman Powell stated that since April, the monthly job additions may have been overestimated by 6,000. Analysts claim that the U.S. is actually losing jobs, and under the current tight monetary policy, improvements will be very rare. MUFG expects that by the fourth quarter of 2026, the euro to dollar exchange rate will rise from the current 1.169 to 1.24.