Flash: Light on FX amid US debt uncertainty – BAML

FXstreet.com (London) - Research teams at Bank of America and Merrill Lynch take a cautious approach on the US position in the markets.

Key Quote:

“While the delay in Fed tapering should in theory support Asia FX, the potential for a protracted US debt standstill could weigh on sentiment and net-net it could be a wash for Asia FX”.

“So, we suggest light positioning overall…”