EUR/USD seen at 1.05 by June amid supportive environment for the greenback – UBS

EUR/USD seen at 1.05 by June amid supportive environment for the greenback – UBS EURUSD Fed Currencies Banks

The US dollar’s strength has been broad-based lately. Economists at UBS expect additional USD strength in the coming weeks.“Intensifying global growth concerns are likely to keep the USD on a stronger path than almost all currencies during 2Q.”

“We continue to expect more US dollar strength in the second quarter, and we have accordingly lowered ourforecast for June to 1.05 . Having said this, the case for USD strength in the second half of the year is certainly not set in stone. Whether there is additional USD strength or some reversal of fortune depends very much on a sequential global growth recovery in 3Q.”Information on these pages contains forward-looking statements that involve risks and uncertainties.

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