Forex Strategy Video: Dollar's Interest in Taper Intensifying
• Relative stimulus is quickly becoming the FX market's dominant theme and driver
• A combination of the Dollar and S&P 500 is no longer the best gauge of Taper speculation
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Relative stimulus effort is quickly supplanting general risk trends as the dominant force in the FX markets. And, at the top of the list for central banks; the Fed is still pulling its weight. As the ECB, BoJ and BoE monetary policy speculation intensifies, it stands to reason that the possibility and timing of the eventual Taper will grow in importance as well. That said, the means for measuring this fundamental scenario are changing as the implications for risk disconnect. In today's Forex Strategy Video, we discuss how to better track the market's Taper speculation and why it is key for the US dollar.
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.