Flash: 'No taper' headline warrant USD selling follow through - RBS

FXstreet.com (Barcelona) - After the ‘no taper yet’ headline, which took the majority of market participants by surprise, in view of David Simmonds, Head of Currency Strategy at RBS, "there is a very good case for “go-with” current momentum short term."

As Simmonds adds: "In the immediate term, a weaker US dollar may well be one of the key themes, along with a rebound for many of the emerging market currencies most heavily sold during the worst of the tapering nervousness."