Forex Flash: Can currency markets withstand a corrective phase? – UBS

FXstreet.com (Barcelona) - Given the return in Eurozone stress however, the US will be tested further in how it will be able to generate enough momentum with greater external headwinds. According to Gareth Berry, a Research Analyst at UBS, “We continue to stress that data surprises for the US remain exceedingly strong, and it remains if markets can withstand a corrective phase. However, we note that even if this is not the case, the damage will likely be mostly felt in equities rather than the dollar.”