– October 21, 2010
Share:

“The dollar weakened against 15 of 16 major peers, losing at least 1.5 percent versus currencies including the Australian dollar and Swedish krona. The U.S. currency has depreciated more than 3 percent versus all 16 major counterparts since the end of August, falling more than 10 percent versus the euro and Australian dollar, as speculation grows that the Fed will buy more Treasuries in a tactic known as quantitative easing.” Read more

“Dollar Sinks Amid Fed Speculation as Earnings Fuel Stocks Rally” 
Michael P. Regan and Stephen Kirkland 
Businessweek, October 20, 2010. 

Image by Daniel St.Pierre / FreeDigitalPhotos.net.

Share:

Tom Duncan

Get notified of new articles from Tom Duncan and AIER. SUBSCRIBE

Related Articles – Central Banking, Inflating, International, Monetary Policy, Sound Money, Sound Money Project