15 Jan 2014
Flash: EUR/USD to top out soon and drift south within the 1.30-1.38 range – UBS
FXstreet.com (Córdoba) - The UBS analyst team expects the EUR/USD to top out soon and drift south within the 1.30-1.38 range.
Key Quotes
"On Tuesday, US retail sales were strong both overall and in the ex-auto component".
"The statistics show that US consumer spending is strong and that the Fed should continue to adjust its monetary policy to more normal levels - even in the light of surprisingly low hiring in December".
"We therefore expect EURUSD to top out soon and drift south within the 1.30-1.38 range".
Key Quotes
"On Tuesday, US retail sales were strong both overall and in the ex-auto component".
"The statistics show that US consumer spending is strong and that the Fed should continue to adjust its monetary policy to more normal levels - even in the light of surprisingly low hiring in December".
"We therefore expect EURUSD to top out soon and drift south within the 1.30-1.38 range".