USD Trading Outlook (04-01-2013)
U.S. Dollar Trading (USD) a very volatile day of trading with the USD surging late in the day on the back of hawkish minutes from the FOMC. Some members stated that it would be appropriate to slow or end asset buying in 2013. Stopping QE is a necessary prerequisite to eventually raising interest rates. ADP Employment beat expectations in December +215k vs. +133k forecast. Looking ahead, December NonFarm Payrolls forecast at 150k vs. 146k previously.
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