EURUSD to see another drop below parity, GBPUSD to fall toward 1.10 – UBS EURUSD GBPUSD DollarIndex USDCHF Banks
has fallen since last week’s milder-than-expected inflation data. Nonetheless, economists at UBS expect the greenback to stay on a solid foot for the time being, dragging EURUSD and GBPUSD down to 1.00 and 1.10, respectively.“We think the near-term risks remain tilted toward a stronger US Dollar. We continue to rate the greenback as most preferred in our foreign exchange strategy, alongside the Swiss Franc, another safe-haven currency.
“We also recommend selling upside risk in EURUSD and the downside risk in the US Dollar versus the Yen as a short-term yield-enhancement strategy, given the pick-up in foreign exchange volatility.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EURUSD to stage another trip below parity to start 2023 – TDSEconomists at TD Securities think EURUSD will decline back below parity despite the most recent uptick. EURUSD likely to bottom out around 0.96 “The E
Read more »
EURUSD really ought to pause below 1.05 – SocGenKit Juckes, Chief Global FX Strategist at Société Générale, discusses the latest news and the outlook for the main currency pairs. Of note, EURUSD sho
Read more »
EURUSD seen at 1.0350 by end-Q4 – Credit SuisseHaving only been targeting 0.98 initially, economists at Credit Suisse had already admitted implicitly that their original Q4 target of 0.92 would not
Read more »
EURUSD to tick down as geopolitical tensions are likely to run high – CommerzbankEURUSD fell sharply yesterday evening amid escalating geopolitical tensions. The Euro is set to be more vulnerable than the Dollar to an escalation of
Read more »
GBPUSD: Levels at around 1.1650 should now prove supportive – Credit SuisseThe dictation of the first Autumn Statement under the leadership of Prime Minister Rishi Sunak and Chancellor Jeremy Hunt is unlikely to have major i
Read more »
GBPUSD holds steady around 1.1900 mark amid weaker USD, lacks bullish convictionGBPUSD holds steady around 1.1900 mark amid weaker USD, lacks bullish conviction – by hareshmenghani GBPUSD RiskAppetite Inflation BOE Currencies
Read more »