# UBS: Why now may be the time to go long the euro

> 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.

- Date: 2017-01-26 · published 2017-01-26T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/73193-ubs-why-now-may-be-the-time-to-go-long-the-euro
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

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.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Sources

- cnbc.com: https://www.cnbc.com/2017/01/26/ubs-why-now-may-be-the-time-to-go-long-the-euro.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.