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20 Dec 2013
Flash: US GDP to contribute to medium-term USD strength - UBS
FXstreet.com (Córdoba) - An upward revision of US growth has strengthened hopes that the Fed will continue to taper its quant easing program in 2014, says the UBS analyst team.
Key Quotes
"The key variables are the unemployment rate and non-farm payrolls. However, Friday's revision to US growth is also important as it shows a strong rising momentum in consumption growth and that should also strengthen employment".
"EURUSD did not fall immediately after the release, but we still expect the data to contribute to medium term USD strength".
Key Quotes
"The key variables are the unemployment rate and non-farm payrolls. However, Friday's revision to US growth is also important as it shows a strong rising momentum in consumption growth and that should also strengthen employment".
"EURUSD did not fall immediately after the release, but we still expect the data to contribute to medium term USD strength".