After the ECB, analysts at UBS said the euro has more room to run.
They cut their 3 month forecast to 1.10 from 1.15. In six months, they now see 1.10 compared to 1.18 and in 12-months they see 1.15 compared to 1.18. HSBC also cuts year-end target to 1.09 from 1.15
Compared to all the talk of 1.05 and parity, that’s about as bullish as it gets.
