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Forex pairs in this Article » GBP/USD, USD/JPY
FXStreet (Bali) - According to Greg Gibbs, FX Strategist at RBS, global markets have turned more evenly balanced, which favours a medium term long bias towards the USD vs commodity currencies.

Key Quotes

"In this environment we may see asset markets and currencies trade in established ranges with potential for relatively out-performance for markets less closely correlated to the Chinese growth outlook and showing individual flare."

"We prefer to be long GBP, though await the BoE inflation report. We prefer to be short JPY, but await Chinese trade and credit data."

"We continue to see a medium term bias towards a stronger USD against commodity currencies, but near term see direction unclear. Employment data in Australia on Thursday a focus this week."
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