Euro has more room to appreciate – UBS

The Swiss bank says structural drivers in the economy favour upside risks in the euro, while the greenback faces risks

Power play: single currency looks set for a boost as growth in the eurozone remains strong


The euro will continue to strengthen against the dollar as the European Central Bank lags the Federal Reserve and other major central banks in its policy-tightening cycle, says Amr El Sherif, a macro strategist at UBS, which topped FX Week’s 12-month forecast table for G10 currencies.

Despite robust growth in the eurozone, the single currency is still some way short of its purchasing power parity at its current level of $1.23 – 8% below its PPP value, which the

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