Flash: FOMC to announce taper at the end of Q3 - Nomura

FXstreet.com (Barcelona) - With the wild swing in speculation of QE tapering, first translated in broad-based USD gains through May, only to be reverted along June, Nomura economists think the FOMC will not announce a change it its asset purchases today.

Nomura thinks that Bernanke will announce such a move at the conclusion of today's meeting: "We think the most likely outcome is that the FOMC will announce a reduction in the pace of its asset purchases at end of the third quarter."