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20 Feb 2014
Flash: USD seen stronger in coming months - UBS
FXStreet (Córdoba) - The UBS analyst team commented that the USD showed little reaction to the recent trend of weaker economic data, and they expect the US economy to pick up again once the weather improves.
Key Quotes
"A large drop in housing starts in January follows the recent trend of weaker economic data against the background of bad weather in the US. Furthermore, slowly rising producer prices show that inflation will likely remain low in the coming months".
"The USD showed little reaction to the data, with EUR/USD remaining above 1.37. We expect the US economy to pick up again once the weather improves".
"The Fed should thus continue tapering, leading to a stronger USD in coming months".
Key Quotes
"A large drop in housing starts in January follows the recent trend of weaker economic data against the background of bad weather in the US. Furthermore, slowly rising producer prices show that inflation will likely remain low in the coming months".
"The USD showed little reaction to the data, with EUR/USD remaining above 1.37. We expect the US economy to pick up again once the weather improves".
"The Fed should thus continue tapering, leading to a stronger USD in coming months".