Monitoring Taper Policy USA The Fed will maintain the level of purchases at $85 billion of bonds a month until March, according to the median estimate of 40 economists in a Bloomberg survey conducted Oct. 17-18. A survey in September forecast the first reduction would be in December. Euro Movement The euro will drop to $1.33 against the greenback before the end of 2013, and will depreciate further to $1.32 by the end of the first quarter, according to the median estimate of 81 economists surveyed by Bloomberg. USD Announce Jobless Rate The gains followed a revised 163,000 advance in September that was larger than initially estimated, Labor Department figures showed today in Washington. The jobless rate rose to 7.3 percent from an almost five-year low. What about The Rupiahs : IDR Movement still move according The Impact of Taper Policy and Stabilize in Greenback . According presented in Bloomberg Date Nov 08 2013, Rupiah, Bonds Complete Second Weekly Drop on Fed Taper Concerns Indonesia’s rupiah and government bonds completed a second weekly decline as speculation the Federal Reserve will cut stimulus this year spurred sales of the nation’s assets by overseas funds. Global investors reduced local-currency debt holdings by 420 billion rupiah ($37 million) in the first two days of this week, following eight weeks of inflows, Finance Ministry data show. Funds based abroad sold a net $78 million of Indonesian stocks this week through yesterday, according to exchange data. U.S. services and manufacturing growth quickened by more than economists forecast in October, reports showed this month. .”
Posted on: Sat, 09 Nov 2013 21:00:32 +0000
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