Dec 18, 2013

Morning Market Report

The Aussie dollar looks set to fall further in the event of US tapering.

The market is down four points.The Dow Jones closed down nine at 15,875. The market traded around yesterday’s closing level — lacking direction while waiting for a decision from the FOMC in a 80 point range.

Economic data was limited, with a flat CPI indicating there is little inflationary pressure, although the core number was higher than expected, to prevent the continuation of easy monetary policy. We expect a decision from the Fed tomorrow morning our time.

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