The US Dollar plummeted against the Euro and other major FX counterparts as the US Federal Reserve disappointed those looking for it to “Taper” its Quantitative Easing policies, but is it enough to drive the Greenback to further lows?
There is a considerable amount of event risk for the Euro – but as we have learned over the past months and years, it may not be particularly market moving. That can be both a boon and burden for EURUSD as it hovers just above 1.3500.
Gold was firmer this week after the Fed pledged to maintain current policy. Is the decision to hold off on tapering enough to reverse the decline seen off the August highs?
The Japanese Yen was a bottom performer over the past week, losing ground quickly from Wednesday forward after the Federal Reserve surprised investors by keeping QE3 in place at its current $85B/month pace.
The British Pound extended the advance from earlier this month as the Bank of England (BoE) struck a more hawkish tone for monetary policy...
Risks to the recovery of the Australian Dollar will emerge as a busy US economic data and Fed-speak schedule drive the evolution of Fed QE speculation.
Written by the DailyFX Research Team. To sign up for a weekly e-mail with our currency outlooks, go to our page for forex news delivered to your inbox.
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