Sunday, 15 Dec 2013 | 5:02 PM ET
CNBC’s Sri Jegarajah takes you through the results of this week’s forex sentiment survey.
Dollar bulls are betting the Federal Reserve will start cutting stimulus measures as early as this week, CNBC’s latest poll of currency traders, analysts and strategists showed.
The Fed may reduce the monthly pace of bond purchases by between $5 billion and $10 billion at its policy-setting this week – Chairman Ben Bernanke’s last before his term expires at the end of January 2014 – as recent data suggests that the economy is gaining momentum.
“Mr. Bernanke is desperate to begin taper on his watch,” said Scott Nations, President and Chief Investment Officer at NationsShares. Nations expects a “mini” taper at this week’s meeting with the Fed announcing a cut in bond purchases by $5 billion a month.
via Dollar bulls predict mini-taper on Bernanke’s ‘twilight cruise’.