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Forex Flash: 2013 has proven unkind to the USD thus far – UBS

By FXstreet.com,  January 16, 2013, 05:13:00 AM EDT

FXstreet.com (Barcelona) - 2013 was supposed to be the year in which the United States significantly outperformed in terms of growth. According to Research Analyst Gareth Berry at UBS, "With the Eurozone barely escaping recession and emerging markets heading for structural decline in trend growth, marginal risk-seeking flow should have favored the US." However, with central banks engaging in volatility-compressing policies, carry trades are even in a better position to perform, but with the exception of the USD/JPY the dollar has struggled to make much headway, both in G10 and versus key emerging currencies.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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