OctaFX | OctaFX Forex Broker
Open trading account

Flash: Don´t expect any Fed tapering until early 2014 - ANZ

FXstreet.com (Barcelona) - Richard Yetsenga, Head of Global Markets Research at ANZ, believes that it would be easy to suggest that the strong recent global currency moves are based on expectations that the Fed might taper its bond purchases soon.

He continues to note that ANZ economists are certainly not expecting any Fed tapering until early 2014. He writes, “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.”

Forex: EUR/USD in red around 1.2880/85

The shared currency is retracing yesterday’s gains after climbing to the area of 1.2930 post-US data to the current region of 1.2880/85....
Read more Previous

AUD/USD consolidates losses below 0.9800

The selling pressure surrounding the Australian dollar remains intact on Friday, after the cross left behind the key support at 0.9800 overnight to currently trade around the mid 0.97s...
Read more Next
Start livechat