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    Week ahead: USD needs hawkish rethoric - UBS Ani Salama

    Next week, Federal Reserve meeting will dominate, and after an awful jobs report, USD needs a hawkish stance, says the UBS analyst team.Key Quotes“The US Federal Reserve meeting on Wednesday will likely dominate the week. After recent weak US labor market data, the USD needs positive comments on the chances of rate hikes in the coming months”.“The GBP remains under pressure due to high uncertainty about the UK economy. The UK labor market report on Wednesday and the Bank of England meeting on Thursday are unlikely to change this.”“Any newfound market optimism on higher EURUSD levels should quickly fade when Eurozone inflation data are published on Thursday.”“Finally, the quarterly Swiss National Bank (SNB) meeting takes place on Thursday. After a weak April and May, the CHF has recently rebounded. We foresee no change in SNB policy for now, however.”

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