Emma Asma Cornwall
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Emma Asma Cornwall in Emma Asma Cornwall,

Dollar is an ultimate winner on tapering expectations

EUR/USD has been sliding steadily for a while, US dollar is strong in safe haven sense, but also the greenback is lifted by expectations of September FOMC meeting. GDP numbers supproted the general idea of tapering in September, so dollar is a high-flyer at this point.

Personally I think that employment numbers can appear not so good, and recent home sales numbers were really weak, so FOMC will have reasons to prolong QE. But anymay the market is buying the rumor, and the rumor is obvious.