|By Marketwired .||
|December 18, 2012 05:05 AM EST||
LONDON, UNITED KINGDOM -- (Marketwire) -- 12/18/12 -- 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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