OctaFX | OctaFX Forex Broker
Open trading account

Forex Flash: Federal Reserve to exit first unconventional monetary policy - UBS

FXstreet.com (Barcelona) - According to Mansoor Mohi-uddin, Head of Foreign Exchange Strategy at UBS: “America's weaker than expected Q1 GDP print has raised concerns that this year's fiscal cuts may also result in another summer slowdown,” the analyst notes, adding: “Such fears are holding back our bullish view on the dollar for now.”

“But we expect the US economy will still outperform its peers this year and the Federal Reserve will be the first to exit unconventional monetary policy,” he concludes.

GPB/USD adds to gains during Asia session

The GBP/USD is edging higher during the Asia session, up another 13 pips from the Friday close at 1.5486 last. The pair has maintained a firm bid in recent sessions, mostly boosted by the recent UK economic data, and finished the past week up 1.41%.
Read more Previous

Forex Flash: We still rather think risks are skewed to the upside in EUR/USD – TD Securities

The EUR/USD continues to trade in a narrow range as market participants await the ECB Monetary Policy meeting coming up on May 2nd.
Read more Next
Start livechat