Bullard Rescues USD (Temporarily)
Comments by St. Louis Fed President Bullard on Friday prevented any further dollar weakness overnight. Bullard said that opting not to taper last week was “a close call…it wouldn’t take much to tip things toward a small tapering”. He pointed to the Oct 30-31 FOMC as a “live” meeting saying “it’s possible you could get some data that change the complexion of the outlook and could make the committee comfortable with a small taper in October”, although he qualified all that noting “I’m not saying it’s going to happen”.
Read the full report: UBS