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."