Flash: Syria won't have a lasting impact on FX markets – UBS

FXstreet.com (Córdoba) - The UBS analyst team commented on the rising worries about a strike against Syria and how it has affected the USD.

Key Quotes

“We expect EURUSD to fall due to higher economic growth in the US relative to Europe and due to an expected change in the Fed policy towards a less expansive policy. These currency drivers did not yet play out strongly”.

“Over the last days, however, the rising worries about a strike against Syria have supported the USD”.

“We do not think that worries about Syria will have a lasting impact on FX markets, but it might be the trigger that drives EURUSD into the right direction”.