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EUR/USD: Trading The Sep NFP On Tue - Barclays
Asset market movements in recent days seem to reflect a growing expectation of a further delay in Fed tapering of asset purchases. The USD is down almost 1% across the board (on a nominal effective exchange rate basis) as the market seems to have strongly taken on board the view that the recent government shutdown and difficult fiscal negotiations would delay further a potential by the Fed on asset purchases. Barclays Capital disagrees. "We see the economic effect of the recent US political impasse as being limited and is not likely to be a major driver of Fed policy in the future. The Fed continues to be ... (full story)
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Carbon-Dioxide: the gas of life!
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