Posted: Mar 2, 2012 16:34
The market is desperate for a sense of when the Fed will taper as the reaction to an FT story showed. The euro was the top performer while NZD and JPY lagged. The highlight of Asian trading is the release of the June RBA minutes. Premium Insights return on Tuesday.
The market got a taste of what's coming at Wednesday's FOMC after a FT story hinted at tapering. The tone of the story suggested a leak from the Fed. The reaction was modest dollar strength and substantial weakness in stocks.