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UBS analyst Tan Teck Leng told CNBC on January 26 that the euro is mispriced and recommended going long, forecasting $1.20 over 12 months. He said the market still uses the euro as a funding currency because of dovish ECB policy, and expected the ECB to become more hawkish after French elections in May.
A forecast for euro strength versus the dollar would, if realized, reduce the dollar's relative pull on US commodity export competitiveness, though the call is a forecast rather than a current event.
cnbc.comLeslie ShafferJan 26, 2017Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
