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Forex Flash: FOMC minutes recap – NAB

By FXstreet.com,  January 04, 2013, 11:00:00 AM EDT

FXstreet.com (Barcelona) - US Treasury bonds have not rallied alongside the slightly more risk-averse tone (and which has seen the USD former across the board, led by an extension of EUR weakness).

According to the NAB Analyst Team, "Minutes of the December FOMC meting were seen as partly responsible, in particular reference to ongoing assert purchases potentially ending during 2103." The minutes indicate that "a few members expressed the view that ongoing asset purchases would likely be warranted until about the end of 2013" and "several others thought that it would probably be appropriate to slow or to stop purchases well before the end of 2013, citing concerns about financial stability or the size of the balance sheet".




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

Referenced Stocks:



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