By Musabbir Mazhar As expected, the Fed continued its Bond purchases tapering as announced on Wednesday Jan 29th – S&P 500 went down 1% on the news – The Fed will be buying 65$ Billion in Agency MBSs and LT Treasuries starting February – I see the fed continue its tapering program to relieve the […]
Tag Archives: currency
CAD dollar weaker; market update: 2nd Jan 2014
By Musabbir Mazhar The CAD/USD exchange rate was at 0.9384, up 9 basis points – The currency pair was stable at the close on Thursday. As the number for initial US jobless claims for the week ending December 27 dropped by 2000 to 339,000 – the demand for the US dollar strengthened. China’s manufacturing data […]
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