You probably read about the annual meeting in Jackson Hole which concluded on Saturday and of course tapering was the main topic discussed. I really don’t want to start a debate about QE which has been chewed up and spat out over and over again, but I do want to point out one thing:
The EURUSD is the most traded currency pair which makes the US Fed and the ECB the two most important central banks, at least for this currency pair. With that in mind, the butt monkey Bernanke and his ECB counterpart Mario Draghi were both absent from this meeting.
Build your own opinion on this, I just wanted to point it out for those who have missed it.