UBS is issuing forecasts regarding the movements between the Euro and the US Dollar, amidst geopolitical tensions affecting Eurozone growth and oil prices.
2 reports, 1 independent
Updated Aug 17
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What happened
UBS is issuing forecasts regarding the movements between the Euro and the US Dollar, amidst geopolitical tensions affecting Eurozone growth and oil prices.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- UBS forecasts rate cuts based on current Federal Reserve policy signals.Sub-event
- Fed rate expectations and Middle East situation are influencing the direction of the Euro.Sub-event
UBS forecasts on Euro/Dollar movements amid geopolitical conflict and Fed guidance.1 source
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The entities involved
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UBS
Swiss multinational investment bank and financial services company
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eurozone
region of EU countries using the Euro
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FED
business
Related events
- The FED is considering policy actions that emulate the European Central Bank's response to oil price shocks stemming from the ongoing conflict in Iran.
- Conflict drives shipping attacks on oil supply, while the ECB monitors US economic data for policy decisions.
- ECB policy is being informed by German sentiment, while the impact of Fed rates and US durable goods orders on global markets is also being tracked.
- Reuters poll shows eurozone economists expect ECB rate hike, while the FED shifts focus towards inflation risks.
- Tensions affect global trade stability while market participants monitor Fed policy, impacting European bond markets.
Coverage
Newest first; wire copies grouped- currencynews.co.uk
- currencynews.co.ukEuro to Dollar Forecast: Energy Shock Pushes EUR/USD Below 1.14