The market outlook is still bullish dollar trend
Monday Asian session, the euro / dollar trading in 1.2703-1.2803 range, and the dollar / yen is volatile in the 92.67-93.26 area. U.S. stocks ended sharply higher overnight, Standard & Poor's 500 index rose more than 4.0%, which significantly increase the financial sector, or as high as 5.60%, mainly due to the European Union (EU) assistance program news.
In addition, no significant economic data released shortly, but there are a number of Fed officials for comment, investors will contribute to the further search for the Fed to follow up the future of monetary policy more clues.
UBS said it expects the next U.S. dollar will continue to be popular because of the nature of the EU's assistance program also implied from the side, the European Central Bank's monetary policy tightening must be later than the Fed. In addition, the euro-zone countries are trying to reduce the deficit, eventually may also give the speed of economic recovery has brought some obstacles, it is recommended that short euro / dollar. Global macroeconomic outlook for the better, and ultimately will contribute to risk appetite, coupled with steady U.S. economic recovery, it is recommended Buying USD / JPY.
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