UBS like the US dollar – to push EUR back under parity & cable toward 1.10 | Forexlive

JP Morgan earlier, also liking the dollar:

Analysts at UBS meanwhile also assess the near-term risk as being for a strong US dollar. UBS also like the CHF. See both USD and CHF as continued safe havens and thus are attractive given they see a return to risk aversion:

• We think there is a high chance that risk aversion will return and recommend investors prepare for another drop below parity for the Euro, and GBP/USD to fall toward 1.10
• We also recommend selling upside risk in EURUSD and the downside risk in the US Dollar versus the Yen as a short-term yield-enhancement strategy, given the pick-up in foreign exchange volatility.

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Given the wild flow of headlines we are seeing UBS could be correct.

I posted this earlier too, weekly US dollar index. Its had a pullback: