Flash: More upside than downside risks for the USD - UBS

FXstreet.com (Córdoba) - EUR/USD and many other exchange rates fell in the great calm and trading is likely to remain subdued until the FOMC press conference on Wednesday, said the UBS analyst team, which commented on the upcoming policy decision and its effect on the USD.

Key Quotes

“We continue to see more upside than downside risks for the USD. Especially at current highs of EUR/USD and the depreciation of the USD in recent weeks”.

“To us, it is not so much important when, or how quick the Fed reduces the asset purchases. More important is a clear plan and a commitment. This is needed for the USD to appreciate”.