FX market finally believes in the resolve of the Fed

During the last bout of QE back in March, the FX markets spasmed as USD got clobbered across every major. As we noted at the time, the market did not seem to be pricing in any action on the Fed's part despite some pretty clear signals from the big guy on his internal policy decision tree. 

However, this time around it seems that they have gotten the message and will not be underestimating Mr. Bernanke & Co. this time around. Of course, this also represents a great hidden buying opportunity for USD - assuming of course risk appetite takes a nose dive if and when the economy breaks down. As always, read the disclaimer at the bottom, but market watchers are in for some interesting price action on news release time.

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