Forex Flash: ‘We have taken profit on our QE trades’ - RBS

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FXstreet.com (San Francisco) - According to the Asia Strategist at RBS, President Obama's re-election implies that "there will be no early end to easy monetary policy - something that clearly argues for a continuation of the weak USD trend," it says in a research note.

Asia Strategist RBS continues: "We have taken profit on our QE trades; we expect that before long it will be time for our long USD trades to perform. There remains some scope for selective long Asia FX outperformance: we like KRW, PHP and to a lesser extent AUD. Lastly, INR also has potential - if Delhi can oblige with promises of more reform."

RBS offers its thoughts on USD/JPY: "There has been little movement in the trade over the past few weeks, but with the US election out of the way, we see potential for a further fall in USDJPY volatility as US yields fall and as USDJPY reverts to a more familiar sub-80 range."



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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