The Euro-Dollar's Most Important 24 Hours This Year
No, it's not the Fed's December meeting.
December Fed Liftoff: How High Will They Go?
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While foreign exchange markets are gearing up for the all important Federal Open Market Committee meeting on December 16, implied volatilities in euro-dollar show that key events prior to that may prove even more important, Bloomberg strategist Vassilis Karamanis writes.
On December 3, the European Central Bank may announce further monetary stimulus. That same day, Fed Chair Janet Yellen testifies before the Joint Economic Committee of the U.S. Congress. A day later, the next U.S. employment report is due. These events may just help the market determine the common currency's price action versus the dollar going into year-end and further out.