Rewinding to last week however the main focal point for the US dollar was Wednesday's FOMC meeting minutes. Overall despite the overshadowing commitment to stimulus "…as long as is needed…" voiced equally by Bernanke and Yellen recently, it looks like the path to tapering has not been derailed.
The FOMC minutes showed that improving economic conditions could trigger the tapering of asset purchases in the coming months. Fed officials sounded quite optimistic that upcoming economic performances would be in sync with their expected outlook.
The FOMC minutes showed that improving economic conditions could trigger the tapering of asset purchases in the coming months. Fed officials sounded quite optimistic that upcoming economic performances would be in sync with their expected outlook.
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