Wednesday, July 22, 2009

UBS expects the strengthening U.S. dollar

According to analysts of UBS, the U.S. dollar may rise after checking the forecast of world economic growth to match the reality. Currency strategists expect moderate growth in the Bank Rate in the United States over the next week against the backdrop of a gradual return-to-market strategies for avoiding risk, and the suspension of the growth (or even downgrade) risky assets. Check expectations of recovery of world economy in the wild a few late, and if and when it occurs, concomitant treatment of risk would support the U.S. currency.

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