UBS are not overly bearish on EUR/USD. Analysts at UBS Global Wealth Management expect that while eurozone economic data is likely top be missed, the see stronger data impacting euro more than weak data will.
investor sentiment is very downbeat, and thus better data would be the bigger surprise a series of European Central Bank rate cuts is expectedeurozone growth to recover in 2025
Forecasts above 1.10 for EU/US and towards 1.16 later in 2025.
This article was written by Eamonn Sheridan at www.forexlive.com.
