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USD and CAD to appreciate in coming quarters - UBS

FXStreet (Córdoba) - The UBS analyst team commented that despite weak labor data from US and Canada published Friday, they expect the dollar and the loonie to appreciate against most other currencies in coming quarters.

Key Quotes

“Friday's publication of US and Canadian labor market data surprised negatively. After weeks of good data, some market participants got a bit too enthusiastic before these data releases. Both the USD and the CAD lost on Friday after the news”.

“However, we also warn against getting too scared from these few data points. Economic data out of both countries has been strong recently and we continue to expect USD and CAD to appreciate against most other currencies in coming quarters”.

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