The Business Times
business-time-50

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

Published Tue, Jan 24, 2017 · 09:50 PM

    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 and because of faster euro-area inflation.

    TRENDING NOW

    Traders are also weighing whether the Bank of Japan would raise rates quickly enough to close the gap with global peers.

    US dollar falters after Iran’s offer to reopen Hormuz sends oil lower

    From left: Pham Nhat Quan Anh, Pham Nhat Vuong, Pham Thu Huong and Pham Nhat Minh Hoang. The couple (centre) remain senior figures in Vingroup, with their children’s presence in the ecosystem growing.

    He built the Vingroup empire. Now South-east Asia’s richest man is handing some key roles to his sons

    The Philippines has lost between 42.3 billion pesos (US$675.6 million) and 118.5 billion pesos to flood-control corruption since 2023.

    Floods compound Philippine growth woes from public-works scandal

    Children at a nursery school in Tokyo. Tokyo stands out as a rare Japanese prefecture whose population is growing while the national total is shrinking.

    Tokyo reverses baby bust with AI matchmaking and generous subsidies

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More