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.


  • 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:

eurusd ubs nfp monday 12 June 2024 2