Flash: EUR/USD to stay elevated or even rise towards 1.38 - UBS

FXstreet.com (Córdoba) - Comments by ECB head Mario Draghi earlier this week, that anytime a new LTRO or another measure to ease monetary conditions continue to weigh on the euro, according to the UBS analyst team, adding that a surprising jump of Italian consumer confidence did little to change that view.

Key Quotes

“US data on Wednesday was in line with expectations, but the US budget discussion weighs on the greenback”.

“Some investors fear that a government shut-down could dampen the market sentiment”.

“We expect EURUSD to stay elevated or even rise towards 1.38”.