UBS: Expects the euro to rise to 1.23 against the US dollar by June 2026.

Jin10 reported on July 16 that UBS strategists stated that for global investors seeking to diversify their dollar holdings, the euro will become a core alternative currency. As a result, they have raised their expectations for the euro Exchange Rate. UBS expects that by June 2026, the euro to dollar Exchange Rate will rise to 1.23, up from the previous expectation of 1.21 at the end of 2025; the previous expectations for these two time points were 1.20 and 1.16. They said: “For global investors seeking to diversify their dollar holdings, the euro is the standout ‘default’ alternative choice.”