Category: UBS
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UBS maintains key G10 currency views, sees USD strength By Investing.com
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UBS released a report on the current foreign exchange environment, maintaining its key views on the G10 currency and forecasting continued US dollar strength. The company stressed that although the markets are reducing the range of divergence in priced policies, there is no compelling reason to change its expectations. Equities…
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UBS warns gold prices may pull back soon, remains bullish long-term By Investing.com
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In a note to clients, UBS analysts asked investors to consider portfolio hedges amid ongoing macroeconomic uncertainty. However, they noted that although gold has traditionally served as a safe-haven asset, there are potential headwinds in the short-term. Specifically, if markets lower their expectations for an interest rate cut by the…
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UBS maintains RBA rate cut forecast, weighs in on AUD/USD By Investing.com
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UBS on Thursday provided insight into Australian Federal Treasurer Jim Chalmers’ third budget announcement, which announced a second successive surplus of A$9.3 billion. Despite this positive result, UBS highlighted a projected deficit of A$28.3 billion for the 2024-25 financial year, a wider figure than the Treasury’s previous forecast. The company…
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UBS forecasts shekel strength on Israel’s recovery, Fed easing By Investing.com
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UBS expects the value of the Israeli shekel to rise against the US dollar, anticipating a decrease in the geopolitical risk premium. The shekel briefly surpassed 3.80 against the dollar due to recent tensions between Iran and Israel, as well as the ongoing conflict with Hamas. UBS analysts expect these…
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UBS raises EURSEK targets, cites Riksbank cut and inflation By Investing.com
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On Monday, UBS revised its stance on the Swedish Krona (SEK), adopting a moderately bearish outlook following the Riksbank’s recent decision to cut interest rates. The bank has revised its forecast for the exchange rate, and now expects it to reach 11.80 by the end of the second quarter, 11.90…
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UBS looks to history for USD/JPY guide By Investing.com
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Investing.com – The yen is struggling to hold on to any gains against the US dollar, even after official intervention last week, but UBS still sees potential for the pair to decline in the medium term. At 10:30 EST (14:30 GMT), USD/JPY was trading 0.1% higher at 155.64 yen, just…