UBS - This Week's Key Points: Dollar oversold on FOMC minutes

UBS - "In the week ahead, Fed Chair Yellen makes two public appearances while US retail sales, CPI inflation, industrial production and the New York and Philadelphia Fed manufacturing surveys are released. The greenback has been held back in Q1'14 by weather-affected data. But the US economy is likely to record stronger prints in Q2'14 as the latest weekly jobless claims numbers show. That will increase the risk of the dollar recovering from its current weak levels. This week's key points for currencies are:

- dollar oversold on FOMC minutes
- ECB rhetoric against euro to rise more
- BoJ pushes back easing risk at least one quarter
- inflation, jobs key in the week ahead for sterling
- Australian dollar near RBA 'uncomfortably high' levels
- CPI test for NZ bulls in the week ahead
- BoC meeting risk for Canadian dollar"

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