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18 Oct 2013
Flash: USD likely to remain under pressure - Commerzbank
FXstreet.com (Córdoba) - Even though the US budget impasse has been overcome, FX market attention continues to focus on the US, comments Lutz Karpowitz, analyst at Commerzbank, who noted that if the Fed continues its dovish stance would, it'll put more pressure on the dollar than a possible second round of the budget debate.
Key Quotes
"It is likely that some data will be published with delay. And the question of when the Fed will begin tapering its bond purchases is as yet unanswered".
"We now assume that the central bank will not start the measures this year".
"It is quite relevant for the dollar at what stage and to what extent the Fed will begin tapering. In this respect the Fed underlined repeatedly that everything depended on the data".
"If the Fed continues its dovish stance the USD is likely to remain under pressure".
Key Quotes
"It is likely that some data will be published with delay. And the question of when the Fed will begin tapering its bond purchases is as yet unanswered".
"We now assume that the central bank will not start the measures this year".
"It is quite relevant for the dollar at what stage and to what extent the Fed will begin tapering. In this respect the Fed underlined repeatedly that everything depended on the data".
"If the Fed continues its dovish stance the USD is likely to remain under pressure".