UBS: FOMC attitude with regard to inflation, can support the dollar

According to analysts of UBS, a statement of the operations on the open market in respect of inflation can support the American currency. Increased profitability after FOMC statements have contributed to the strengthening dollar, given that increased the attractiveness of returns on the state. bonds is conducive to attracting capital flows. This reaction was a response to a more aggressive attitude FOMC against inflation. In the absence of concern by the State, the dollar will continue to grow at a reduction of the differential yield on U.S. and European 2-year bonds: only for the period from June 4, it fell by 36 points.