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1 Oct 2013
Flash: EUR/USD likely to stay elevated in the short term - UBS
FXstreet.com (Córdoba) - The UBS analyst team commented on recent economic developments and how they have kept FX traders "cool".
Key Quotes
"The ten year Italian government bond fell by 10 basis points on Tuesday after several members of Berlusconi's PdL announced their support for Prime Minister Letta in a non-confidence vote scheduled for Wednesday. The EUR/USD moved, however, hardly on this positive development".
"Investors wait for the ECB meeting, also held on Wednesday, and look anxiously to the US. Here the political discussion on Obamacare also seems to make some progress".
"EURUSD is likely to stay elevated in the short term".
Key Quotes
"The ten year Italian government bond fell by 10 basis points on Tuesday after several members of Berlusconi's PdL announced their support for Prime Minister Letta in a non-confidence vote scheduled for Wednesday. The EUR/USD moved, however, hardly on this positive development".
"Investors wait for the ECB meeting, also held on Wednesday, and look anxiously to the US. Here the political discussion on Obamacare also seems to make some progress".
"EURUSD is likely to stay elevated in the short term".