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20 May 2013

Flash: USD remains favoured currency for 2013 - UBS

FXstreet.com (Barcelona) - According to Mansoor Mohi-uddin, Head of Foreign Exchange Strategy at UBS Macro Research, the USD remains the currency of choice for the Swiss bank in 2013, based on that “the US economy is likely to expand more than its peers,” the analyst notes.

He believes “the Federal Reserve is set to exit unconventional monetary policy before other major central banks,” and that the USD might be in a similar position it was back in 1995, being ready to start a multi year uptrend.
May 20, 2013

EUR/JPY buyers again step in at 131.00, support remains firm

The EUR/JPY is edging lower during Asia trade, down 30 pips at 131.80 but well off the lows set earlier in the session at 130.99.
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May 20, 2013

NZD/USD finds support ahead of big Fibo level

The NZD/USD is last at 0.8083, off session highs at 0.8107, and slightly higher for the session being after gapping up at the open on the back of broad USD selling.
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