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8 Oct 2013
Flash: Dollar mixed as global markets hit by continued shutdown – BBH
FXstreet.com (London) - Research teams at BBH highlight the key points this week.
Key Quotes:
“There appears to be little movement by the key protagonists in the US fiscal melodrama”.
“The laborious process of forming a new government in Germany will likely delay key decisions in the euro area”.
“Japan's Prime Minister Abe formally decided last week to proceed with the retail sales tax”.
“The closure of the US government may prevent the collection and release of economic data, but it will not prevent the Treasury Department from issuing new notes and bonds”.
“The Bank of England is the only G10 central bank meeting in the week ahead”.
“The Federal Reserve will release the FOMC minutes from last month's meeting, which decided not to slow its bond purchases”.
“The drag caused by the closure of the government, the lack of data, and weak private sector reports underscores why the Fed is not likely to taper in October”.
Key Quotes:
“There appears to be little movement by the key protagonists in the US fiscal melodrama”.
“The laborious process of forming a new government in Germany will likely delay key decisions in the euro area”.
“Japan's Prime Minister Abe formally decided last week to proceed with the retail sales tax”.
“The closure of the US government may prevent the collection and release of economic data, but it will not prevent the Treasury Department from issuing new notes and bonds”.
“The Bank of England is the only G10 central bank meeting in the week ahead”.
“The Federal Reserve will release the FOMC minutes from last month's meeting, which decided not to slow its bond purchases”.
“The drag caused by the closure of the government, the lack of data, and weak private sector reports underscores why the Fed is not likely to taper in October”.