Filed Under:
Forex pairs in this Article » (Barcelona) - With all the talk going on about the US 'fiscal cliff', and the clock ticking to find a solution as deadlines get closer, FX Trading Strategist at RBS, Greg Gibbs, says a positive resolution "It's not USD negative since the US is potentially about to make solid progress on consolidating its fiscal position at the same time as delivering relatively solid growth," the analyst notes, expanding: "Despite the yield chasing environment created by easy global liquidity and near zero rate policies of major central banks, the market will still want a safe haven in the portfolio, and now the USD stands tall among the majors as the safe haven," Greg concludes.
comments powered by Disqus