Weekly Forex Trading Forecast: The Fed Weighs on Taper, Volatility Before Year End
Like an action movie tagline: it’s a race against time for the dollar to stir volatility before 2014 runs out of liquidity.
The Euro started to slip versus the US Dollar by the end of the week as investors reconsidered their views on the Fed’s December meeting. The Fed’s elusive taper decision will keep market participants on their toes this week.
Gold prices were firmer on the week with the previous metal climbing 0.60% to trade at $1235 ahead of the New York close on Friday.
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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.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.