Back
11 Feb 2014
Flash: EUR/USD seen at 1.2400 in 12 months - UBS
FXStreet (Córdoba) - The UBS analyst team has lowered its EUR/USD forecast to 1.3000 in 3 months, 1.2800 in 6 months and 1.2400 in 12 months.
Key quotes
"We lower our forecast for EURUSD to 1.30 (prev. 1.34) in three months, 1.28 (1.34) in six months and 1.24 (1.34) in twelve months".
"With an unchanged forecast for EURCHF at 1.23 for all forecast horizons this transforms into an USDCHF forecast of 0.95 (prev. 0.92) in three, 0.96 (0.92) in six and 0.99 (0.92) in twelve months".
"A more robust US economy should grant continued Fed tapering, while the ECB remains on an easing bias".
Key quotes
"We lower our forecast for EURUSD to 1.30 (prev. 1.34) in three months, 1.28 (1.34) in six months and 1.24 (1.34) in twelve months".
"With an unchanged forecast for EURCHF at 1.23 for all forecast horizons this transforms into an USDCHF forecast of 0.95 (prev. 0.92) in three, 0.96 (0.92) in six and 0.99 (0.92) in twelve months".
"A more robust US economy should grant continued Fed tapering, while the ECB remains on an easing bias".