Currency views from UBS ...Middle East

USD:Market expectations for a Federal Reserve policy rate change in June are uncertain, with a 40% chance seen for an unchanged rate and a 60% chance for a rate cut.Anticipation is that the Fed will guide market expectations more clearly as the June meeting approaches.The upcoming CPI data are key to understanding potential rate moves.UBS expects a rate cut in June, which could limit the current USD strength against the euro, pound, and other currencies, although the risk remains for continued dollar strength if the Fed does not cut rates.EUR:The next ECB meeting is not expected to be decisive, but there's a growing possibility of more concrete signals about a June rate cut.Option implied vo

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