Forex: Dollar May Extend Gains as PPI Data Fuels Pre-FOMC Speculation
The US Dollar may push higher as November’s PPI data shows a pickup in wholesale inflation and fuels QE “taper” speculation before next week’s FOMC meeting.
Forex: Dollar Back Three-Month Highs, FOMC Decision Ahead
The dollar rose against all of its major counterparts this past session – even the stubborn euro – and too much credit seems to go to Taper expectations for next week.
Euro Hit by Mixed Commentary, Data - EUR/AUD Rally takes a Breather
Volatile price action after the Australian employment report and commentary from top ECB policymakers has the EURAUD pulling back from fresh yearly highs.
Forex: Markets to Look Past SNB Rate Decision, Focus on US Retail Sales
Currency markets are likely to look past a status-quo SNB policy announcement to focus on the implications of US Retail Sales data for Fed QE “taper” bets.
USD to Benefit From Stronger Retail Sales Amid Taper Bets
A pickup in U.S. Advance Retail Sales may spur a more meaningful decline in the EURUSD as it heightens bets for a Fed Taper.