Flash: USD to stay soft until year-end - RBS

FXstreet.com (Buenos Aires) - On today'S note to clients, Greg Gibbs, FX Strategist at RBS, continues to support the idea of a softer USD "as the choke hold on fiscal policy debate appears to be released but only until early next year" Gibbs notes.

Other Key Quotes

"This is likely to keep the Fed taper from coming back to the table until next year. In the mean time moderately strong activity indicators abroad will attract capital to a broad range of other currencies."

"A deal to roll forward the debt ceiling at the margin improves the prospects for the US economy, while reducing near term global risk aversion. As such, it may support USD/JPY. JPY crosses therefore may continue their recent rise."