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Forex Flash: Risk biased towards broader USD strength near term - RBS

FXstreet.com (Barcelona) - Wide-spread contagion out of Europe has a higher hurdle than in past episodes, says RBS FX strategist Greg Gibbs, who argues that "the market is underpinned by more concerted quantitative policy measures, and the withdrawal of European banks to a certain degree from global financial markets." However, as he points, "there is a higher risk potential in the way Cyprus has been dealt with." Greg sees "the risk biased towards broader USD strength in the near term."

Forex Flash: USD/CAD, look to buy dips to the low 1.02 - TDS

Despite the recovery on the USD/CAD, printing its highest at 1.0280, Shaun Osborne, Chief FX Strategist at TDS, notes "we are a little cautious on topside prospects still."
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Forex: NZD/USD pressured below 0.8250

Even though recent calls for Kiwi overvaluation coming from the IMF or NZ Finance Minister Bill English yesterday, NZD/USD is last at 0.8235, off session lows at 0.8224, retracing from Monday's NY session close weekly highs at 0.8273. The pair managed to close the weekly opening gap to 0.8216 lows on Cyprus bailout conditions fears, but it has not been able to move any higher for the week so far.
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