With QE nearly finished the Fed now has to outline their plans going forward. Will there continue to be reinvestment of the QE bonds that roll off, what many expect or will market conditions decide that.
As speculation deepens the European Central Bank will start quantitative easing just as the Federal Reserve ends its own bond buying, Europe is gaining more leverage over investors globally as the specter of deflation in the region unleashes greater demand for fixed income.
The U.S. dollar reached an 11-month high on two very positive days, Aug. 19th and 20th respectively. While the Dollar Index is at its highest level since September 2013, the Euro broke the 1.33 level for the first time since that same time.