Dollar Won't Benefit In Fiscal Cliff 2.0; Buy EUR/USD Targeting 1.36 - SocGen
From efxnews.com
The US dollar won't likely behave in a similar risk-on/risk-off fashion to the concerns over raising the US debt ceiling as it did before, said Willie Williams, director of institutional derivatives sales at Societe Generale in an interview with CNBC. "I think a lot of the uncertainty has been taken off the table. So, therefore, the need for the dollar to be a safe haven asset has been reduced. I still think there's is a lot of trouble or a lot of potential issues on the horizon, but we no longer have tax uncertainty in the near term," he clarified. That accompanied by the better risk sentiment in the Euro area ...
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