FXstreet.com (Barcelona) - Derek Halpenny, European Head of Global Markets Research for the Bank of Tokyo Mitsubishi UFJ believes that QE3 may well be extended deep into 2014.
He notes that with the EUR/USD downside being limited by the Fed’s aggressive stance, speculation has started to circle that QE3 could well be extended into 2014.
He adds, “More data like yesterday would certainly throw into question the idea of indefinite QE. The surge in consumer confidence may reflect the notable improvement in the housing market, which if sustained will come to support the dollar.”
He notes that with the EUR/USD downside being limited by the Fed’s aggressive stance, speculation has started to circle that QE3 could well be extended into 2014.
He adds, “More data like yesterday would certainly throw into question the idea of indefinite QE. The surge in consumer confidence may reflect the notable improvement in the housing market, which if sustained will come to support the dollar.”
