Forex Flash: USD, JPY weakness may find limitations on Fiscal Cliff – RBS

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FXstreet.com (San Francisco) - According to RBS, Fiscal Cliff concerns remain a significant force for risk appetite in FX: "A factor that may also limit downside for the USD (and JPY) is the fiscal negotiations in the US. Congress need to at least vote on delaying the automatic fiscal cuts at the end of this year to allow some more time to negotiate early next year. And some time around Feb to vote to raise the debt ceiling to avoid government shutting down."

RBS continues: "The news flow of recent weeks appears more encouraging and thus we may have seen higher global risk appetite helping lift equities and many currencies against the USD (and JPY)."



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Forex and Currencies

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