[Mitsubishi UFJ: Prospects of Continued ECB Rate Hikes May Support the Euro] According to a report by Golden Finance on July 3, Derek Halpenny of Mitsubishi UFJ Bank stated in a report that due to persistently high inflation risks, the European Central Bank (ECB) may still lean toward further rate hikes, thereby supporting the euro. He noted that while crude oil tanker shipments are recovering, the same cannot be said for liquefied natural gas shipments. 'The ECB will closely monitor energy prices. Since the extension of the U.S.-Iran ceasefire agreement and the reopening of the Strait of Hormuz, the decline in prices has not been sufficient to eliminate energy-related inflation risks.' The euro rose 0.2% to $1.1452.