UBS revised its outlook on the currency pair, citing increased downside risks that could push the euro below the 1.05 level against the US dollar. The change in perspective comes as the US economy shows greater resilience to high interest rates than previously anticipated, and geopolitical concerns intensify to levels that are impacting currency markets.
UBS had initially maintained that the EUR/USD would hold steady within a narrow range, with solid support around the 1.05 mark. Investors were expected to view the US dollar as less attractive below this threshold, especially with an anticipated Federal Reserve…
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