Flash: Stronger USD trend but risks ahead in GDP and FOMC - RBS

FXstreet.com (Barcelona) - RBS FX Strategist Greg Gibbs´s bias is toward a stronger USD trend, but he feels that clearly there are risks it tonight's events.

Key Quotes

“The market has factored in a good deal of the dovish adjustment in the Fed message over the last month, and I doubt the Fed will change its guidance at this meeting.”

“I see significant risks of dovish outcomes at the ECB and BoE meetings this week. The news overnight that the Obama administration is prepared to negotiate with Republicans a corporate tax overhaul that may include a tax break that may encourage US companies repatriating foreign earnings adds a new potential positive for the USD.”