Forex Flash: U.S. status quo should ease USD - NAB

By FXstreet.com | November 06, 2012 AAA

FXstreet.com (Barcelona) - If early election results hint that the US may be moving towards a status quo both in Congress as well as the White House, according to NAB Strategists, "our view remains that this will mean a modest relief rally for equities with the USD easing a little lower before markets then start to worry about dealing with the fiscal cliff."



NAB adds: "We recognize through this is not a universally shared view, with many commentators believing that signs of a Romney victory will unleash a bigger equity rally on the traditional view of a more business-friendly Republican President."



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