FXstreet.com (London) – Jane Foley, Senior Currency Strategist at Rabobank, said the market remains obsessed with the timing of Fed tapering.
“…threats of further policy action from the ECB have limited power over the direction of EUR/USD”.
“Not only has that, but the strength of Germany’s external sector and current account remains a source of strength for the EUR”.
“The Eurozone as a whole recorded a EUR14 bln current account surplus in September which will continue to contribute to the resilience of the currency”.
“Although the Fed did not rule out tapering in December in its …read more