The strong economic data that has emerged from the US over the last fortnight is making a
strong case for the tapering of the US monetary stimulus program. The trending yield
differentials of the developed world vis-a-vis the US bonds and the gains that the USD has
made against some major currencies like the British Pound, Canadian and the Australian
Dollar, etc.seem to suggest that the tapering is just a matter of time.
The moot question is -- when will the scaling down actually commence from ? and,
what will be its nature ?
strong case for the tapering of the US monetary stimulus program. The trending yield
differentials of the developed world vis-a-vis the US bonds and the gains that the USD has
made against some major currencies like the British Pound, Canadian and the Australian
Dollar, etc.seem to suggest that the tapering is just a matter of time.
The moot question is -- when will the scaling down actually commence from ? and,
what will be its nature ?
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