Euro to Fall to $1.30 in Month on Late Europe Recovery, UBS Says

By Justin Carrigan

April 17 (Bloomberg) -- The euro will trade at $1.30 in a month as the recovery in the 16-nation currency region lags behind that of the U.S., according to UBS AG.

“Traditionally, the U.S. economy picked up ahead of the U.K., Asia and the eurozone,” a team of UBS strategists including Gareth Berry in London wrote in an e-mailed report today. “Accordingly, we would favour to be long the dollar and pound against the eruo. The euro is struggling despite resilience in risk appetite.”

The euro was at $1.3096 as of 7:27 a.m. in London today.

To contact the reporter on this story: Justin Carrigan in London at jcarrigan@bloomberg.net