FX Alpha Outlook 2014

FX Alpha

Diverging central bank policies

Diverging central bank policies. It is general market consensus that the Fed will end its QE3 programme next year. This is priced into the USD exchange rates. A step of this nature is unlikely to lead to massively lower EUR-USD prices. However, EUR-USD prices will probably be moderately lower because the Fed will become more predictable again during 2014.

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