裕信银行：预计欧元汇率四季度或升至1.20

Core Viewpoint - The market widely anticipates a 25 basis point rate cut by the Federal Reserve, with the subsequent reaction of the US dollar depending on any signals regarding future policy from the Fed [1] Group 1: Federal Reserve Expectations - Analysts from UBS indicate that the guidance on future interest rate paths will be crucial, especially amid concerns that the Fed may increasingly be influenced by political factors [1] - President Trump has repeatedly called for rate cuts, exerting pressure on the Federal Reserve [1] Group 2: Currency Forecasts - UBS forecasts a weakening of the US dollar, predicting that the EUR/USD exchange rate could rise to 1.20 by Q4 2025 and further to 1.23 by Q4 2026 [1]