Analysts at UBS revised up euro forecast
Tuesday, February 14, 2012 - 10:30
Analysts at UBS raised 1-month forecast for euro from $1.2000 to $1.3000 and increased the 3-month projection from $1.1500 to $1.2500.
The specialists also lifted up their 3-month forecast of USD/JPY’s rate from 75.00 to 77.00.
According to UBS, short-term risks diminished: the situation in the euro zone’s banking sector will improve due to ECB’s Long-term liquidity operations (LTLO) operations, while the threat of a disorderly Greek default for now subsided.
Analisa AU 16 Feb 2012
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