SubscribeDaily Forex Commentary for 030909
March 14th, 2009 • Related • Filed Under
March 9, 2009
Central Banks to Consider More Quantitative Easing
The U.S. Dollar finished the week firm against most major markets this week. Much of the buying was related to flight-to-safety buying as the severe decline in global equity markets left investors with no choice but to seek safety in either gold, Treasury bonds or the U.S. Dollar.
News this week included the European Union’s rejection of aid to weaker members, the massive reported losses by AIG and HSBC, China’s stimulus plan and the possibility of bankruptcy at GM.
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