Forex Flash: 2013 has proven unkind to the USD thus far – UBS
Forex pairs in this Article » USD/JPY
FXstreet.com (Barcelona) - 2013 was supposed to be the year in which the United States significantly outperformed in terms of growth. According to Research Analyst Gareth Berry at UBS, "With the Eurozone barely escaping recession and emerging markets heading for structural decline in trend growth, marginal risk-seeking flow should have favored the US." However, with central banks engaging in volatility-compressing policies, carry trades are even in a better position to perform, but with the exception of the USDJPY the dollar has struggled to make much headway, both in G10 and versus key emerging currencies.