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19 Sep 2013
Flash: Forecast changes to EUR/USD and USD/CHF - UBS
FXstreet.com (Córdoba) - The UBS analyst team lifted EUR/USD and USD/CHF forecasts for three, six and twelve months after Fed’s decision not to taper.
Key Quotes
"Our EURUSD forecast is now 1.34 for all three time frames (prev. 1.28, 1.30, 1.34). Our USDCHF is now 0.92 (from 0.96, 0.95, 0.92) for three, six and twelve months."
"The Fed's decision not to taper puts the long USD positions at risk, which in our view limits the short term downside potential for EURUSD".
"We think EURUSD is caught in a 1.30-1.38 range and USDCHF in a 0.88-0.96 range now".
Key Quotes
"Our EURUSD forecast is now 1.34 for all three time frames (prev. 1.28, 1.30, 1.34). Our USDCHF is now 0.92 (from 0.96, 0.95, 0.92) for three, six and twelve months."
"The Fed's decision not to taper puts the long USD positions at risk, which in our view limits the short term downside potential for EURUSD".
"We think EURUSD is caught in a 1.30-1.38 range and USDCHF in a 0.88-0.96 range now".