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World's largest private bank expects euro rally by mid-2017

UBS wealth arm sees the euro hitting US$1.15 in the next six months
Wednesday, January 25, 2017 - 05:50

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UBS Wealth Management recommends buying the European currency as it sees it being undervalued against the dollar and because of faster euro-area inflation. The euro has gained 2 per cent this year to around US$1.07, after slumping more than 20 per cent in the past three years against the dollar.

London

AT A time when some investors are questioning the future of the euro, the world's largest manager of money for the wealthy is advising clients to bet on a rally.

UBS Wealth Management recommends buying the European currency as it sees it being undervalued against the dollar

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