US data continue to be encouraging
Despite quite resilient US data, showing only mild negative effects from the partial government shutdown in October, market consensus only expects a reduction in the Fed’s liquidity injections in March 2014. It is true that the Fed’s decision is highly data dependent and a continuous string of positive data is needed to start tapering. As a result, strong figures in the nonfarm payrolls released on 6 December would improve the odds of see tapering in December or in January.
Read the full report: FX Research
MIG Bank