Wednesday, October 27, 2010

Why is the USD gaining momentum now? (worth a laugh)

14:47CET

Much of the renewed USD strength today is as a result of the article in the WSJ suggesting QE will be less aggressive than Goldman and many others on the Street expect. “A few hundred billion” of additional asset purchases is the road the Fed will follow, no doubt after a quiet chat with Mr. Bernanke, the Journal reports.

Have a big laugh at this as the Fed tries to play the expectations game. The same rumors were supposed to cause the USD selling in the last few weeks, hilarious....

http://online.wsj.com/article/SB10001424052702303891804575576533845166848.html?mod=googlenews_wsj

Posted via email from MT4

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