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10 Mar 2014
Flash: NFP: Not good enough to boost the USD - UBS
FXStreet (Córdoba) - The UBS analyst team commented that the US labor market data release on Friday was good - but not good enough to turn the sentiment in EUR/USD or USD/CHF.
Key Quotes
"The 175 thousand newly employed in February were certainly more than markets have expected, but even more would have been needed to boost the USD".
"More confirmation than this is needed to convince investors that the weather related disturbances leave no deep scars in the economy".
"Time is needed, until the EUR/USD can recover from the damage done by the ECB meeting".
Key Quotes
"The 175 thousand newly employed in February were certainly more than markets have expected, but even more would have been needed to boost the USD".
"More confirmation than this is needed to convince investors that the weather related disturbances leave no deep scars in the economy".
"Time is needed, until the EUR/USD can recover from the damage done by the ECB meeting".