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UBS says EUR/USD heading as high as 1.11 after short term political headwinds dissipate

Started by forex4you, Jun 12, 2024, 08:03 am

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UBS says EUR/USD heading as high as 1.11 after short term political headwinds dissipate

Via a UBS Global Wealth Management note, forecasting EUR/USD to 1.09 by the end of this year and 1.11 by March 2025.

Citing

  • political uncertainty could prove a near-term headwind for the euro

But following this:

  • an improving growth outlook should help later this year

The political uncertainty UBS is referring to is the snap election called for France on Sunday:

Its been on the slide ever since early Monday ... actually since Friday's NFP:



                This article was written by Eamonn Sheridan at www.forexlive.com.

Source: UBS says EUR/USD heading as high as 1.11 after short term political headwinds dissipate

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