Back
17 Jun 2013
Flash: USD appreciation case intact - UBS
FXstreet.com (Barcelona) - The fundamentals supporting the strengthening of the US dollar this year remain intact, says Mansoor Mohi-uddin, Head of FX Strategy at UBS Macro Research.
Mohi-uddin points at the latest data indicating a recovery in America. Moreover, the weakness of commodity currencies and emerging markets show, according to Mohi-uddin, "that the greenback is gaining traction against higher-yielding carry trades as investors expect the Federal Reserve to slow down quantitative easing."
The UBS Strategist also believe on a dollar recovery vs other G7 currencies, thus his underlying bullish stance on the greenback.
Mohi-uddin points at the latest data indicating a recovery in America. Moreover, the weakness of commodity currencies and emerging markets show, according to Mohi-uddin, "that the greenback is gaining traction against higher-yielding carry trades as investors expect the Federal Reserve to slow down quantitative easing."
The UBS Strategist also believe on a dollar recovery vs other G7 currencies, thus his underlying bullish stance on the greenback.