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Forex Flash: US recovery fleeting? – UBS

FXstreet.com (Barcelona) - According to Research Analyst Gareth Berry at UBS, “US growth has been one of the better stories of 2013, however Canadian growth has been generally soft and failing to benefit materially from US 'tailwinds'. Investors seem more partial to the winds blowing south as the peso remains a strong performer.”

In the aftermath of upbeat data out of each North American economy, looking at the US-Canada growth relationship in the last 30 years, it does appear 'growth spillover', though positive, is limited. “The headwinds arising from internal rebalancing for now are more than enough to offset any of the benefits from the US recovery.” Berry warns.

Forex Flash: EUR/USD year-end target at 1.25 – Scotiabank

The bloc currency continues to scale back its initial gains after hitting fresh highs in the vicinity of 1.2840/45, as fears on Cyprus and the likeliness of a bank run has somehow eased on Thursday...
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Forex Flash: Economic recovery in Eurozone and US related to housing busts? – Goldman Sachs

Housing busts have long-lasting macroeconomic consequences, including sluggish recoveries and persistently high rates of unemployment. According to the Economics Research Team at Goldman Sachs, “The subpar economic recovery in the US and the recurrent crises in the Euro area periphery are in some way related to the preceding housing busts, however a slower-moving dynamic linked to housing busts is also becoming apparent and may have important economic implications: the shifts in migration patterns that take place following housing busts.”
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