Currency Note US Dollar

US still wonders about tapering start date

By Smart Currency August 7th, 2013

The US dollar suffered losses again yesterday, most notably against the Japanese yen where it hit a six week low. Losses were curbed thanks to the US trade balance results, which showed their trade gap had shrunk by 22.4%, a result much better than had been predicted. Nonetheless, tapering by the Federal Reserve remains the big talking point surrounding the currency, as investors remain wary over the uncertainty of when such plans could be put in to action. Overnight, we heard from another member of the Federal Open Market Committee and later on today the main point of interest surrounds the benchmark 10 year bond auction and crude oil inventories. Get in touch with your trader now for the latest price on the US dollar.