A Dow Jones piece in which they highlight UBS’s 7 reasons for being bearish EUR/USD

  • Fed will raise rates before ECB next year
  • U.S. investors are heavily exposed to foreign markets and will repatriate funds back into dollar
  • Euro to be hurt by renewed risk aversion as central banks around the world tighten monetary poicy
  • Euro zone sentiment will be damaged by the fiscal troubles of its weakest members
  • Foreign central bank reserve managers haven’t been buying euro on dips recently
  • Sentiment remains euro bullish, so it’s vulnerable to a surprise
  • EUR/USD remains above its fair value of 1.20/1.25

Meanwhile back at the ranch EUR/USD is ticking higher, presently at 1.4340.