EUR/USD Outlook Dec. 16 - 20
A flow of positive data from the US over the last few weeks makes the Federal Reserve taper decision almost a dead certainty. Democrats and Republicans agreed on a budget which will spare the US government from another confidence damaging shut-down. Furthermore, stronger job market data earlier from the NFP and now from the JOLTS number all provide the Fed the “evidence” it needs to start tapering its $85 billion a month bond purchasing program. Will the Fed “Dectaper” or delay its decision to early 2014?
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