Analysts at UBS AG cut their short-term forecasts for the greenback versus the single currency looking forward to quantity easing conducted by the Federal Reserve. The specialists expect that the Fed will increase Treasury purchases in order to stimulate the country’s economic growth.

UBS reduced 1-month forecast from $1.28 to $1.35 per euro and diminished 3-month estimate – from $1.15 to $1.25 per euro.

It’s also necessary to mention that the strategists increased 3-month projection for the Swiss franc from 1.30 to 1.28 francs per euro.

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