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UBS have slashed their year-end target for EUR/USD to 1.06 (from 1.12)

UBS have slashed their year-end target for EUR/USD to 1.06 (from 1.12)
UBS have upgraded their outlook for the USD, citing:elevated growth rates in the USthe Federal Open Market Committee (FOMC) signalling higher rates for longer (and subsequent lowered pricing for rate cuts next year)Forecasts:EURUSD 1.06 (previously 1.12)USDCHF 0.92 (previously 0.87)GBPUSD 1.20 (1.29)USDJPY 145 (142)AUD 0.65 (0.66)UBS says the USD will remain well bid until the end of 2023 and shift it from to neutral from least preferred. As for EUR, UBS slash the outlook on that from most prefe... Read More
Posted: Sep 27 2023, 20:27
Author Name: forexlive
Views: 092065

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