With President Obama almost sure to win the race the USD may start rising as market focus shifts to the U.S. fiscal cliff which Obama can likely be addressed sooner under an Obama presidency, says Takumi Nomura, a senior dealer at Bank of Tokyo Mitsubishi UFJ. "If Obama wins, he can take care of fiscal cliff issues sooner than Romney can" as the former Massachusetts governor would have to set up his office in Washington first, he says. So far Obama's projected re-appointment has been negative for the USD because he is supportive of aggressive monetary easing. The USD/JPY is at 80.05, while the EUR/USD is at 1.2864.
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