Flash: Most likely it is taper in March - UBS

FXstreet.com (Córdoba) - On Wednesday it is in the hands of the Fed to drive the USD, notes the UBS analyst team. "Obviously, the Fed does not eye the greenback, when taking a decision, but even if it would, there is no reason to believe the USD would be too strong to taper".

Key Quotes

"We expect the Fed to give hints, raise hopes, but wait for any action".

"Most likely it is March, maybe a bit earlier in 2014, but very unlikely in 2013".

"Nevertheless, a confirmation that everything is on track should be good enough for EURUSD to weaken from current highs".