LONDON, UNITED KINGDOM–(Marketwire – Dec 18, 2012) – Based on the FOMC (Federal Open Market Committee) minutes from their meeting on the 11th of December, there is a clear indication that further Quantitative Easing will be less likely to hit the US Dollar.
The current open-asset purchase program looks likely to be extended beyond the $ 40B monthly limit with ”Operation Twist” at an end. A generally positive atmosphere has been growing in the US due to:
- Private sector credit expansion
- Housing market recovering
- Reduced unemployment
However, carrying the current policy stance into the New Year may just be a stalling tactic as wage growth has been slow, along private sector consumption. The Dollar could still be in for some trouble if the Fed decides a stronger recovery needs to be encouraged in 2013.
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Vantage FX UK is an internationally recognised Forex broker based in the City of London, providing foreign exchange trading services to clients in the UK, the EU and the rest of the world.
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Title Post: How Will Vantage FX UK Help Forex Traders as Further QE Becomes Less Likely for the US Dollar?
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How Will Vantage FX UK Help Forex Traders as Further QE Becomes Less Likely for the US Dollar?