Foreign Exchange Insights and Next Week
Fed Tapering and the Dollar
August 22, 2013
Federal Reserve officials believe that the size of its balance sheet, not the incremental rate of asset purchases, reflects its monetary policy stance and maintain that a planned gradual tapering down of monthly asset purchases is not a tightening of policy. Results over the past 3-1/2 months support a different conception favored by many private […] More
New Overnight Developments Abroad - Daily Update
Bad News and Good News
August 22, 2013
The bad news came first. Although FOMC minutes failed to embody an overwhelming message that QE tapering will begin in September with some members concerned about slippage in certain economic trends, an expression of broad support for the concept of tapering lifted long-term interest rates further and weighed on stocks in the Pacific Rim. The […] More
