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2 Aug 2013
Flash: USD closes the week close to the lows- UBS
FXstreet.com (Córdoba) - Heading into the weekend, the UBS analyst team commented on the USD following a string of key events this week, including US GDP, the FOMC decision and the NFP report.
Key quotes
“There were a couple of positive impulses for the greenback from GDP statistics and PMI surveys. But the key release, the labor market report surprised negatively”.
“The increase of 160'000 new jobs and the down-ward revision to the previous months have put the fed's target of 200'000 newly created jobs per month into a far distance”.
“EURUSD rose close to the 1.33, which it had already reached after the Fed's press conference on Wednesday. We still think that EURUSD more room to fall than to rise”.
Key quotes
“There were a couple of positive impulses for the greenback from GDP statistics and PMI surveys. But the key release, the labor market report surprised negatively”.
“The increase of 160'000 new jobs and the down-ward revision to the previous months have put the fed's target of 200'000 newly created jobs per month into a far distance”.
“EURUSD rose close to the 1.33, which it had already reached after the Fed's press conference on Wednesday. We still think that EURUSD more room to fall than to rise”.