USD Falls on Tapering Delay Expectations

October 30, 2013 Share Print 0

The dollar fell versus most of its major peers before a policy statement from the Federal Reserve, which is forecast to maintain its monthly asset purchases.
The Bloomberg U.S. Dollar Index snapped a three-day gain as companies added fewer workers than projected in October and inflation rose the least since April. The Fed will maintain purchases of Treasuries at $45 billion and mortgage-backed securities at $40 billion, according to economists surveyed by Bloomberg. The euro rose for a fifth day versus the yen after Spain exited a two-year recession. Brazil’s real dropped.

via Bloomberg

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.