Reported 7 months ago
Raymond Tan, Director of Investment in UBS Wealth Management, stated on June 13, 2024 that with the recovery of the Eurozone economy and the Fed beginning to cut rates, the Euro is expected to rise to 1.09 by the end of the year, and it's possible that the US Dollar might peak and fall in the third quarter. Factors like the possibility of Fed cutting rates later this year, the relatively high valuation of the US Dollar, and the improvement in the European economic outlook are expected to contribute to this expected trend.
Source: YAHOO