9 Apr 2014
USD expected to rebound on economic strength in the US – UBS
FXStreet (Córdoba) - The UBS analyst team commented that despite recent weakness seen in the dollar, the currency is expected to rebound eventually given improved economic strength in the US.
Key Quotes
"The dollar lost recent gains on Tuesday. Traders cited the decline in US treasury yields, which has put pressure on the USD. Cooling expectations about quant easing measures by the ECB certainly helped to weaken the USD against the Euro and the Swiss franc".
"But improved risk taking also helped a broad recovery of most emerging market currencies versus the USD".
"We continue to expect the USD to rebound eventually on improved economic strength in the US".
Key Quotes
"The dollar lost recent gains on Tuesday. Traders cited the decline in US treasury yields, which has put pressure on the USD. Cooling expectations about quant easing measures by the ECB certainly helped to weaken the USD against the Euro and the Swiss franc".
"But improved risk taking also helped a broad recovery of most emerging market currencies versus the USD".
"We continue to expect the USD to rebound eventually on improved economic strength in the US".