UBS Forecast: Sell Dollar Rallies, Buy EUR/USD Below 1.16 Target 1.20

  • The Euro to Dollar (EUR/USD) exchange rate found support below 1.1600 last week and has rallied to near 1.17 amid a dollar relapse. UBS considers that trade tensions could lead to short-term US currency gains, but it expects that fundamental drivers will lead to losses over the medium term.