UBS: Strong Economic Data Will Have Greater Impact on Euro

UBS analysts Constantin Bolz and Brian Rose said in a report that strong economic data in the Eurozone may have a greater impact on the euro than weak data. Currently, investors are ‘very pessimistic’, and multiple rate cuts by the European Central Bank are already expected. Therefore, better economic data will be a bigger surprise. UBS expects the Eurozone economy to rise in 2025. Analysts predict that this will push the euro to rise to above 1.10 against the dollar and to 1.16 later in 2025.