Meanwhile in the US of A...
Dollar at 4-month low vs. euro as U.S. jobs data points to QE
http://uk.reuters.com/article/2012/0...oreignExchange
Dabar laukiam Tomo, kuris tuoj ims įrodinėti, kad vanduo nėra šlapias, o sniegas nebūna baltas.
Dollar at 4-month low vs. euro as U.S. jobs data points to QE
http://uk.reuters.com/article/2012/0...oreignExchange
The unemployment rate dropped to 8.1 percent from 8.3 percent in July but this was largely due to Americans giving up the search for work.
Investors were focused on the August data to gauge whether the Fed will launch another round of bond-buying after its policy meeting next week and market reaction was immediate.
Under the program, known as quantitative easing, the Fed prints money to buy bonds, which depresses Treasury yields and encourages investors to seek higher returns elsewhere. An increase in the money supply erodes the value of the dollar.
Under the program, known as quantitative easing, the Fed prints money to buy bonds, which depresses Treasury yields and encourages investors to seek higher returns elsewhere. An increase in the money supply erodes the value of the dollar.
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