LONDON, UNITED KINGDOM--(Marketwire - Dec. 18, 2012) - Based on the FOMC (Federal Open Market Committee) minutes from their meeting on the 11th of December, there is a clear indication that further Quantitative Easing will be less likely to hit the US Dollar.
The current open-asset purchase program looks likely to be extended beyond the $40B monthly limit with 'Operation Twist' at an end. A generally positive atmosphere has been growing in the US due to:
- Private sector credit expansion
- Housing market recovering
- Reduced unemployment
However, carrying the current policy stance into the New Year may just be a stalling tactic as wage growth has been slow, along private sector consumption. The Dollar could still be in for some trouble if the Fed decides a stronger recovery needs to be encouraged in 2013.
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