Thursday, 11 August 2011

Why Did the Dollar Drop When the Fed Passed Over QE3?


by on Aug 10, 2011

There was initial confusion after the Fed announced its decision to keep policy and stimulus as is; but eventually risk appetite and dollar selling took over. What in the central bank's statement encouraged such optimism and curbed the stability fears that fueled the dollar? And, should we expect this rebound to last?


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