18 Nov 2013
Flash: Hard to see clear path towards stronger USD - RBS
FXstreet.com (Barcelona) - It is hard to envisage a stronger USD, notes Greg Gibbs, FX Strategist at RBS, adding that there is risk that the USD suffers more selling interest on policy deadlines in Dec/Jan/Feb ahead of mid-term elections in Nov-2014.
Gibbs expands: "The Fed’s Yellen gave a staunch defence of the efficacy of US quantitative policy and said there is still need for very accommodative policy and they can ill-afford to begin to remove policy accommodation too early."
Gibbs expands: "The Fed’s Yellen gave a staunch defence of the efficacy of US quantitative policy and said there is still need for very accommodative policy and they can ill-afford to begin to remove policy accommodation too early."