Diverging Dollar Performance Set to Continue | Forex Factory

  • Diverging Dollar Performance Set to Continue

    From marctomarket.com

    The market seemed to get confused last week between the noise and the signal and this confusion gave the dollar a bit of a reprieve. However, by the end of the week, the market seemed to be back on message. Specifically, market sentiment swung from what was perceived as dovish comments at Yellen's confirmation hearing to Fed can taper in December after reading the FOMC minutes. Similarly, speculation of a negative deposit rate in Europe triggered a quick decline in the euro. Surveys suggest that the perceived odds of Fed tapering this year are still low and Draghi and other ECB officials played down the likelihood of ... (full story)

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111ForexGuru
Nov 24, 2013 5:37am
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I am definitely not an expert in fundamentals but in my opinion I don't think that TAPERING will happen in this December. I may be wrong as this is a very uncertain market and anything can happen anytime.
The reason why I think so, is Bernanke will be stepping down early next year and it is very unlikely that he will implement such high impact policies before his retirement.
Or alternately if Tapering is actually implemented while Bernanke is still in office of FOMC , Yellen will not be blamed for the chaos that might be created.
Lets wait and Watch.
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