Flash: Don’t expect any Fed tapering until early 2014 – ANZ

FXstreet.com (Barcelona) - Richard Yetsenga, Head of Global Markets Research at ANZ, believes that it is easy to associate strong recent global currency moves with expectations of future Fed activity.

Nevertheless, he continues to note that ANZ economists are certainly not expecting any Fed tapering of its bond purchases until early 2014. He continues to add, “The recent fall in inflation indicators is supportive of that call, as are the underlying signs of further repair still needed in the US labour market.”