Core Viewpoint - UBS expects the euro to rise against the US dollar, predicting it will reach 1.23 by June 2026, up from a previous forecast of 1.20 [1] Summary by Relevant Sections - **Currency Forecast** - UBS has raised its euro to dollar exchange rate forecast for June 2026 to 1.23, an increase from the previous expectation of 1.20 [1] - The forecast for the end of 2025 has also been adjusted upward to 1.21 from an earlier prediction of 1.16 [1] - **Investment Strategy** - The firm highlights the euro as a key alternative currency for global investors looking to diversify away from the US dollar [1] - UBS describes the euro as the "default" alternative choice for these investors [1]