15 Oct 2013
Flash: USD might face pressure in the coming days - UBS
FXstreet.com (Córdoba) - The UBS analyst team commented on the US budget deal stalemate and its effect on the dollar as the debt ceiling deadline looms.
Key Quotes
"Towards the end of last week, Democrats and Republicans revived their negotiations and discussed a short term agreement to lift the debt ceiling and re-open the government. Equity markets cheered and the USD strengthened".
"Negotiations are continuing, but a solution seems still far away, while the official deadline of hitting the debt ceiling on October 17 comes closer".
"We continue to believe in a last minute deal, but rising uncertainty will put the USD under pressure in the coming days".
Key Quotes
"Towards the end of last week, Democrats and Republicans revived their negotiations and discussed a short term agreement to lift the debt ceiling and re-open the government. Equity markets cheered and the USD strengthened".
"Negotiations are continuing, but a solution seems still far away, while the official deadline of hitting the debt ceiling on October 17 comes closer".
"We continue to believe in a last minute deal, but rising uncertainty will put the USD under pressure in the coming days".