5 Mar 2014
Flash: USD not weakened by disappointing US data – UBS
FXStreet (Córdoba) - The UBS analyst team noted that the EUR/USD was barely affected by disappointing US data as markets are waiting for the ECB.
Key Quotes
"ECB President Draghi brought a new tone into the currency discussion, when he warned that a continuation of current low inflation could de-anchor inflation expectations. Markets are now keenly waiting for ECB easing signals or even actions this Thursday".
"In this environment a soft ADP national employment index or a soft service US PMI and a slightly stronger Eurozone PMI had little impact on the currency pair".
"We expect EUR/USD to fall decisively below 1.37 with the ECB meeting".
Key Quotes
"ECB President Draghi brought a new tone into the currency discussion, when he warned that a continuation of current low inflation could de-anchor inflation expectations. Markets are now keenly waiting for ECB easing signals or even actions this Thursday".
"In this environment a soft ADP national employment index or a soft service US PMI and a slightly stronger Eurozone PMI had little impact on the currency pair".
"We expect EUR/USD to fall decisively below 1.37 with the ECB meeting".