MUFG Says Euro Could Fall if Fed Raises Rates 50 Basis Points
MUFG Bank's Derek Halpenny says the euro could weaken further against the dollar if the Fed raises rates by 50 basis points at its December meeting. He adds that stronger-than-forecast U.S. jobs data due in December could prompt the increase.
The euro could weaken further against the dollar if the U.S. Federal Reserve raises interest rates by 50 basis points at the December policy meeting, MUFG Bank's Derek Halpenny says in a note. The Fed could vote for a sharp rate increase if U.S. jobs data due in December come in above forecast, Hal…