UBS expects weakening dollar in the next month

According to analysts of UBS, during the next month, the U.S. dollar may decline against the backdrop of recovery of interest in risky assets. The bank had a negative prognosis for the U.S. currency in the short term. With regard to the period of three months, here at UBS believes it is likely the return of the trends away from the risk and, consequently, the strengthening U.S. dollar. The pair euro / dollar at the moment trading at around 1.4170.