28 May 2014
US data lifts USD - UBS
FXStreet (Córdoba) - The UBS analyst team commented that the EUR/USD might be getting ready to break below 1.3600 after the dollar was lifted on the back of strong data Tuesday.
Key Quotes
“US consumer confidence rose again in May, bringing the latest three months remarkably higher compared to the previous three months. This is another signal that the US economy is recovering after a harsh winter”.
“US durable goods orders, which were also released on Tuesday, had a strong rebound due to high defense orders”.
“EUR/USD is flirting with the 1.36 support, ready to break lower on good news”.
Key Quotes
“US consumer confidence rose again in May, bringing the latest three months remarkably higher compared to the previous three months. This is another signal that the US economy is recovering after a harsh winter”.
“US durable goods orders, which were also released on Tuesday, had a strong rebound due to high defense orders”.
“EUR/USD is flirting with the 1.36 support, ready to break lower on good news”.