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EUR/USD to fall further in the light of strong NFP - UBS

FXStreet (Córdoba) - Analysts at UBS expect the positive momentum for the USD to continue - in particular against the euro after strong US nonfarm payrolls.

Key Quotes

“The speed and the size of the current US dollar rally is very unusual. The fundamental investors and the momentum traders continue to walk hand in hand on the road to a stronger US dollar”.

“Non-farm payrolls were so strong on all aspects, that the Fed is urged to explain the rate hike ambitions in the light of this new information”.

“The ECB on Thursday confirmed its easing bias. We therefore expect the positive momentum for the USD to continue - in particular against the euro”.

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