Report published June 18, 2026
UBS FX Monthly View: June 2026 Market Outlook and Currency Strategy
UBS · June 18, 2026
Improving prospects for a US-Iran peace deal have led to a rotation in FX markets as oil prices decline. UBS recommends focusing on pro-growth and carry currencies while reducing exposure to safe-havens like the CHF.
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Finvaulta summarizes UBS's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.
Key Takeaways
- 1.Improved prospects for a US-Iran peace deal have lowered oil prices, triggering an FX market rotation away from oil exporters (USD, NOK) toward pro-cyclical currencies (SEK, EUR).
- 2.UBS favors pro-growth and carry currencies, specifically SEK, NZD, AUD, CNY, and the newly added GBP, while remaining cautious on CHF.
Table of Contents
- FX Monthly VIEW
- Risks to our view
Report data
Source: Shutterstock
| Metric | Estimate | Context |
|---|---|---|
| USDCNY Forecast | 6.50 currency | Forecast for the Chinese yuan |
Reports in this series
FX Monthly View is shown in chronological order through this edition, published on June 18, 2026.
Part of the FX Monthly View series — view all 5 editions
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