-
EUR And EM Rally Delays A December Fed Taper
Is December too early for the Fed to begin tapering? The way that some of the emerging markets currencies have been trading would suggest that many believe that could be the case. Friday's stronger than anticipated November non-farm payroll report was expected to go some ways to support Bernanke and company to begin paring back on their $85b a month-bond-buying program. That should have led to the USD rallying against Emerging Market currencies. Instead, the knee-jerk pro-tapering trades got battered in a market reversal. For instances, the ZAR rallied +1% against the dollar from being -1% weaker before the headline ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Dec 8, 2013 5:00am Dec 8, 2013 5:00am
- DanielR
- | Joined Dec 2013 | Status: Member | 8 Comments
- Comment #2
- Quote
- Dec 8, 2013 5:15am Dec 8, 2013 5:15am
- Guest
- | IP XX.XXX.4.128
- Comment #3
- Quote
- Dec 8, 2013 2:00pm Dec 8, 2013 2:00pm
- PipTrapper
- Joined Aug 2008 | Status: Persist Until Something Happens | 798 Comments
Those who say it cannot be done should not interrupt those who are doing it