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30 Jul 2014
Risks USD failing to hold Tuesday's gains - RBS
FXStreet (Bali) - According to FX Strategists at RBS, risks on Wednesday may be skewed toward the USD failing to hold on to today’s gains.
Key Quotes
"The USD has staged a nice rally today that may be an indication that market participants are either more optimistic or less pessimistic on the incoming US data that highlights the end of the week."
"Because we anticipate the FOMC will not make any meaningful changes to its statement and see risks that the 2Q GDP underwhelms, risks tomorrow may be skewed toward the USD failing to hold on to today’s gains."
Key Quotes
"The USD has staged a nice rally today that may be an indication that market participants are either more optimistic or less pessimistic on the incoming US data that highlights the end of the week."
"Because we anticipate the FOMC will not make any meaningful changes to its statement and see risks that the 2Q GDP underwhelms, risks tomorrow may be skewed toward the USD failing to hold on to today’s gains."