EUR/USD rides the blue wave higher, why there is room for more gains
Will the Federal Reserve step in and purchase more government debt? That could depress yields and cement the dollar’s downfall. Clues about Fed policy are due later in the day when minutes from its December meeting are released. Back then, Fed Chairman Jerome Powell provided guidance about the bond-buying scheme and pledged to do more if necessary. The protocols may provide clues about how close the bank is to expanding its scheme, now standing at around $120 billion/month. Earlier, ADP’s labor statistics for December are forecast to show a slowdown in private-sector hiring after a healt...