Via a UBS Global Wealth Management note, forecasting EUR/USD to 1.09 by the end of this year and 1.11 by March 2025.
Citing
- political uncertainty could prove a near-term headwind for the euro
But following this:
- an improving growth outlook should help later this year
The political uncertainty UBS is referring to is the snap election called for France on Sunday:
Its been on the slide ever since early Monday ... actually since Friday's NFP:
