📝Revising EUR/USD Year-End Forecast to 0.9800: UBS

We're revising our EUR/USD year-end forecast to 0.9800, expect another wave of euro weakness on the back of rising recession risks, high energy costs and rising credit risk for Italy. We recommend looking into buying opportunities in commodity FX and Swiss franc. Sterling is expected to trade in range to the euro over the next 12 months (0.8500). - UBS CIO