Follow the risk reward for dollar trades
After two difficult weeks risk appetite is finally showing signs of stabilising. Positioning and perception may now shift towards the view that the market just needs one solid US labour market report (UBSe. 200k, cons. 180k) for the 2014 US-driven recovery story, at least within developed markets, to stay on track. However, even with a strong print, expect dollar performance to be highly divergent across G10.
Read the full report: UBS