UBS Forecast: Dollar Selling to Resume, Buy EUR/USD at 1.15 Target 1.20

  • The US Dollar index slumped 10.7% over the first half of 2025, but has managed to rally in July with the Euro to Dollar (EUR/USD) exchange rate dipping to below the 1.1600 level from 45-month highs at 1.1830 on July 1st. President Tump is continuing to put strong pressure on the Fed to cut interest rates, but confidence in a September rate.