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Flash: USD supported on tapering implications - Rabobank

FXstreet.com (London) – Jane Foley, strategist at Rabobank said, yesterday, the market chose to view US economic data release as meaning that the Fed could taper its QE policy in the coming months.

Key Quotes:

“The USD therefore found some support, though EUR/USD remains at elevated levels”.

“Next week’s releases of US payrolls data will offer the market more insight into the chances of a reduction of Fed accommodation and the prospects for the USD”.

“Currently the market expects the Nov non-farm payrolls number to register a gain of 183K”.

“We would argue that this number would not be …read more