Forex Flash: USD more correlated with economic data than in the past - RBS

FXstreet.com (Barcelona) - According to Greg Gibbs, FX Trading Strategist at RBS: “At the margin, the Fed statement should be supportive for the USD,” the analyst suggests, “by increasing expectations that moderation on its QE policy is coming,” he explains.

“However, much will depend on the data flow,” Greg notes, “and thus, we may conclude that the USD will be more correlated with economic data than in the past,” he adds.