Last week FED's stance on economy remain unchanged with some hint of earlier rate cut. Though in my view this may not happen too soon, but growth prospect for the time being is expected to be encouraging that should provide momentum to the US currency.
In my previous note “Why SNB Opted for Unconventional Monetary Policy” I made a closing remark about ECB quantitative easing plan and said that if the QE amount ranges around Euro ½ to ¾ Trillion, it may not be very effective, as European economy is required to bet on larger size.
The current size of ECB bond buying that will begin in March is surely more than expectation. ECB announced that it will make a monthly purchase…Continue