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15 May 2014
US data may change perception towards USD - RBS
FXStreet (Bali) - Greg Gibbs, FX Trading Strategist at RBS, believes that today's US inflation and housing data may be significant for shifting perceptions for the USD.
Key Quotes
"The search for yield spilled over to long-term sovereign bonds and continues to provide a supportive backdrop for EM currencies. However the USD may be able to shake off its weaker trend vs. other majors as the ECB moves closer to easing policy and the BoE pushes back against pressure to hike sooner. US inflation and housing data tonight may be significant for shifting perceptions for the USD."
Key Quotes
"The search for yield spilled over to long-term sovereign bonds and continues to provide a supportive backdrop for EM currencies. However the USD may be able to shake off its weaker trend vs. other majors as the ECB moves closer to easing policy and the BoE pushes back against pressure to hike sooner. US inflation and housing data tonight may be significant for shifting perceptions for the USD."