30 Jul 2013
Flash: EUR/USD fails again to break above 1.33 - UBS
FXstreet.com (Córdoba) - The UBS analyst team comment on the EUR/USD, saying that they expect the EUR/USD to drift lower this week.
Key quotes
“The central bank decisions of the FED, the ECB and the Bank of England due to be released on Wednesday and Thursday, should help to strengthen the USD and to weaken the euro”.
“However, before the release the market remains blocked. The consumer confidence in the US was unable to move the exchange rate before the key events of the week”.
“Nevertheless, the ECB, which introduced a bias to ease at the July meeting is likely to reiterate that stance”.
Key quotes
“The central bank decisions of the FED, the ECB and the Bank of England due to be released on Wednesday and Thursday, should help to strengthen the USD and to weaken the euro”.
“However, before the release the market remains blocked. The consumer confidence in the US was unable to move the exchange rate before the key events of the week”.
“Nevertheless, the ECB, which introduced a bias to ease at the July meeting is likely to reiterate that stance”.