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FXstreet.com (Barcelona) - According to Research Analyst Gareth Berry at UBS, "Our view is founded on the belief that US economic outperformance will eventually spark a rates-driven rally in the dollar." Clearly this will not happen overnight, but Thursday's FOMC minutes and Friday's non-farm payrolls report should provide the latest guidance on how long more we have to wait.

"Late in 2012 our US Economics team forecast the US would grow at 2.3% in 2013 - easily surpassing growth rates in the Eurozone, Japan and the UK. This has been the key rationale behind our core view that the US dollar will outperform other major currencies this year." Berry adds. While our economists crunch the numbers on the overnight fiscal deal and evaluate the possible impact on growth, it is worth bearing something in mind.

First, the US unemployment rate is still trending lower and payrolls growth continues at a steady, if modest, pace. Both trends are likely to persist in 2013, although December's unemployment rate due on Friday, which could cause a temporary upset.

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