Fed’s Symmetric Rhetoric to Boost USD

by Ashraf Laidi

May 22, 2013 18:58

The Fed's repetitive references to tapering asset purchases and increasing them are the latest rhetorical tool in guiding market sentiment. As the economy cools off, the doves at the Fed are on a mission to restore a more symmetric rhetoric, following a hawkish narrative prevailing in the first 3 months of the year. Only this time, the yen's occasional gains during rare risk aversion become an opportunity to ... continue here...

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Fed’s Symmetric Rhetoric to Boost USD - Asset Purchases May 22 (Chart 1)

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