ANCHOR QUESTION OFF-CAMERA (ENGLISH) SAYING

George, welcome. Let's start with the US Dollar. Last year started off strong with the Dollar came off its highs in the second half of 2013. How's 2014 shaping up?

GEORGE DOWD, HEAD OF CHICAGO FOREIGN EXCHANGE, NEWEDGE (ENGLISH) SAYING:

I think 2014 is shaping up to be similar to the beginning of 2013 which is I think Dollar strength. We're seeing now a little bit of disparity between some of the major global central banks. I think that's going to provide some support for the Dollar throughout 2014 actually.

ANCHOR QUESTION OFF-CAMERA (ENGLISH) SAYING

How will the Fed exit through 2014 affect your outlook on the Dollar?

GEORGE DOWD, HEAD OF CHICAGO FOREIGN EXCHANGE, NEWEDGE (ENGLISH) SAYING:

Yeah, I think that's the big question. The most important part to me is I think the speed of the exit. I think it's pretty much a consensus view right now that they're going to start removing some of the QE. I think the pace is probably the most important part, that's number one. And then the factors that feed into that are going to be primarily in my opinion at least, developments in the employment situation and developments on the inflation side. So inflation's been pretty steady sub 2%. I think that's probably set to continue. And I think that sort of gives them a little room to maintain an accommodative bias for a little longer if they need to. And the employment situation, it seems to be shaping up. So if that can continue or get a little more aggressive i.e. a stronger labor market, maybe they're more aggressive in removing QE which is going to support the Dollar. So I think you want to watch the upcoming data that's going to put in your mind a view of if the Fed will; be slower or faster to remove QE and the Fed will react accordingly.