All Things Forex Trading Room: Does the U.S. Budget Deal Mean Stronger USD?

In the trading room today: Does the U.S. Budget Deal Mean Stronger USD? As the news of a U.S. budget agreement that would set government spending levels until 2015 removes some of the roadblocks to a reduction of the Fed’s monthly asset purchases, we ponder if the budget deal means a taper announcement and a stronger USD, we analyze the latest trend developments in the EUR/USD currency pair, we keep an eye on the GBP/USD pair, we note the loss of momentum of the USD vs JPY, we highlight the market’s reaction to the U.S. budget deal and the German CPI, we discuss new forecasts from UniCredit and Mizuho Bank, and prepare for the trading session ahead.

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