• Potential for USD strength versus EUR and GBP remains intact – UBS

Market news

12 August 2022

Potential for USD strength versus EUR and GBP remains intact – UBS

The USD fell across the board after US inflation data for July came in lower than expected. Nonetheless, economists at UBS still expect the greenback to enjoy further gains against both the euro and the pound.

Worries about energy supply shortages and political uncertainty in the EU and the UK

“We still think the potential for USD strength versus the euro and British pound remains intact.” 

“Our forecast for a weaker euro and sterling is based on worries about energy supply shortages and political uncertainty in the eurozone and the UK, which will remain an issue in the coming months.”

 

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.