Close to half of the fed participants think QE3 will cease before the year-end.
Yesterday, the June 18th – 19th FOMC Meeting Minutes were released.
After tumbling into the 1.27’s the EUR/USD bounces on U.S. Dollar weakness on Tuesday, possibly in anticipation of Wednesday’s Minutes release. Wednesday showed us more U.S. strength. Trading was affected, but not too wildly.
The buzz of “Tapering” is fading, but the markets are still sensitive to what the Fed has to say concerning it.
“At the conclusion of the discussion, most participants thought that the Chairman, during his postmeeting press conference, should describe a likely path for asset purchases in coming quarters that was conditional on economic outcomes broadly in line with the Committee’s expectations.” (MarketWatch)
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