Presently at 1.3505.
Market has duly noted comments made by couple of Fed officials regarding QE. Evans wants to apply accomodative policy until confident economic situation changing and feels that $600 bln is a good place to start.
His colleague Rosengren expects to buy entire $600 bln of bonds as dramatic improvement adsent, and he would consider more action if economy weakens, inflation falls, jobless rate rises.
Not much in the way of euro zone data today:
10:00 GMT: Euro zone construction output for September
10:00 GMT: Italian current account for September
Second tier fodder and unlikely to get the juices flowing.
Sean notes sovereign bids down at 1.3440. Wouldn’t be at all surprised to get reports of ACB’s in before then. Korea was busy overnight buying USD/KRW.
