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20 Dec 2013
Flash: Feels like risk in FX should be dialled up - RBS
FXstreet.com (Bali) - According to Greg Gibbs, FX Strategist at RBS, current market conditions look set for risk to extend into year-end rather than running down, adding that there are some resurgent trends that feel like a powerful pointer for the year ahead.
Key Quotes
"Yields in the UK and US have lifted significantly in the short to mid part of the curve relative to the Eurozone and Japan this week and these trends look consistent with the relative strength of the US and UK economies and the shifting trends in monetary policy."
"This suggests we should continue to see USD and GBP perform well against the JPY and we may see some further downward correction in the EUR from its recent re-test of its highs for the year in October."
Key Quotes
"Yields in the UK and US have lifted significantly in the short to mid part of the curve relative to the Eurozone and Japan this week and these trends look consistent with the relative strength of the US and UK economies and the shifting trends in monetary policy."
"This suggests we should continue to see USD and GBP perform well against the JPY and we may see some further downward correction in the EUR from its recent re-test of its highs for the year in October."