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11 Mar 2013
Forex Flash: EUR/USD: potential for further drop - UBS
EUR/USD fell to fresh lows sub-1.3000 on Friday due to a strong rise in non-farm payrolls, comments the UBS analyst team. "The move led also to position clearing in the pound, helping to bring EURGBP back to the 0.87 level", they say.
"For the coming weeks we see potential for further drop in EURUSD, as markets will start to price in a stronger momentum in the US economy", UBS concludes.
"For the coming weeks we see potential for further drop in EURUSD, as markets will start to price in a stronger momentum in the US economy", UBS concludes.