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The Fed, The Farce And The Fear

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June 19, 2013 bonds, dollar, dollaryen, euro, fed, markets, qe, trading, yen
Saxo Bank's Head of FX Strategy, says the way the markets have been reacting to when and how the FED will start reducing its bond buying programme is becoming farcical. Ben Bernanke is expected to give more guidance on that later on Wednesday.
John says right now, the "currency of steel" is the Euro... but for how long? Everyone knows tapering will happen eventually, but eventually is not now, he says.