OctaFX | OctaFX Forex Broker
Open trading account

Flash: Don’t expect any Fed tapering until early 2014 – ANZ

FXstreet.com (Barcelona) - “It would be neat and convenient to suggest that the strong global currency moves over the past week or so are primarily based on expectations that the Fed might taper its bond purchases soon,” says Head of Global Markets Research at ANZ Richard Yetsenga, although “Certainly our economists don’t expect any Fed tapering until early 2014,” Richard warns.

“The recent fall in inflation indicators is supportive of that call, as are the underlying signs of further repair still needed in the US labour market,” the analyst concludes.

Flash: The fall in inflation in recent months has become central - ANZ

The US CPI which was released today came in at 1.1 vs. 1.3 estimates, and some analysts are quick to point out this is occurrence is now a global dilemma which could have an interesting impact on the foreign exchange market
Read more Previous

NZD/JPY cracks support trend line at 83.40, further selling pressure revealed

The Kiwi/Yen is currently trading down 65 pips at 82.93 during the Asia session, breaking below a critical support trend line which was sitting near the 83.40 level.
Read more Next
Start livechat