Flash: USD to appreciate further in the coming week - UBS

FXstreet.com (Córdoba) - The UBS analyst team notes that US data was quite positive for the USD this week. Namely, first the GDP was revised up and on Friday the consumer sentiment was revised higher.

Key Quotes

“With this kind of data investors should carry the USD well supported into the September Fed meeting”.

“This remains, however, the key event to watch, as expectations remain quite high that the Fed will announce a clear date when it intends to slow down its assets purchases”.

“We expect the USD to appreciate further in the coming week”.