(Bloomberg) -- UBS AG, the world's second-biggest traders of foreign exchange, raised its forecast for the euro to $1.40 by the end of this year as it expects the European Central Bank to continue raising interest rates into next year.
The euro traded at $1.3593 by 2:30 p.m. in London. UBS previously predicted the single currency will trade at $1.35 by December. The revision was made on May 3.
Read more at Bloomberg Currencies News
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