UBS: Euro is expected to rise to 1.2000 in 12-months from now

The UBS analysts Flury and Trum expect Euro to rise against the US Dollar:

• When it comes to EURUSD, CIO analysts Flury and Trum are reiterating their three-, six- and 12-month forecasts of 1.1500, 1.1500 and 1.2000, respectively.
• "Markets will monitor Europe's economy and the political risks linked to Italy and Brexit, which are likely to hurt the euro in the short term. We see a good chance of a rebound in the EUR, however," they conclude.