Will Bernanke Announce QE3? Will Dollar Decline?
4:42 AM // 0 comments // Unknown // Category: Forex NewsThe US dollar continued to rise today ahead of tomorrow’s speech of Federal Reserve Chairman Ben S. Bernanke, who is expected to announce a new round of quantitative easing. Some economists believe such expectations are futile.
Some market analysts argue that the North American economy doesn’t require additional stimulus as consumer prices continue to rise and the economic growth continues to accelerate, while deflation pressure wanes. Today’s report that showed the increase of unemployment claims from 412,000 to 417,000 doesn’t support such optimistic outlook.
The third round of the quantitative easing would weaken the dollar and that can, actually, be positive for the economy of the US. Martin Feldstein, economics professor in Harvard University, explained:
A lower dollar means more exports, and it also means a shift from consuming imported products to consuming goods and services that we produce in the United States.
EUR/USD fell from 1.4412 to 1.4374 as of 19:41 GMT today. GBP/USD slipped from 1.6372 to 1.6282. USD/JPY climbed from 76.97 to 77.55.
If you have any questions, comments or opinions regarding the US Dollar, feel free to post them using the commentary form below.
wait
Related posts :
0 comments for this post
Leave a reply
TOP POST
-
Euro is turning lower today, after some gains earlier. Now, though, the 17-nation currency is falling back as Forex traders try to determine...
-
The US dollar gained today as signs of an economic slowdown in China damped risk appetite of investors and made them to return to the safety...
-
Vietnam //
-
Name: Jin Mei XiEnglish name: Olwen Jin Date of birth: August 21, Place of birth: Shandong Province Yantai City, China Height: 175 cm Weig...
-
As you'll recall from yesterday, there was one small detail that stood out in Microsoft's announcement of a new preview program for...
-
Chinese Stunning Model Anata Wang Ying
-
The first of Dalao class was commissioned in 2010 and within one year, the second boat was launched. Quietly, PLAN's submarine force is ...
-
Elly Tran Ha is an American-borned-Vietnamese, who has recently moved back to Vietnam from the USA. She works as a part-time model while fur...
-
The Swiss franc was down for the second week as prospects of peg of the currency to the euro significantly reduced appeal of the fra...
-
Hot And Sexy Upcoming Actress Uthpala Madushani, Uthpala Madushani Hot, Uthpala Madushani Bikini, Uthpala Madushani sexy, Uthpala Madushan...
Total Pageviews
- 2008 - 2009 SimplexDesign. Content in my blog is licensed under a Creative Commons License.
- SimplexPro template designed by Simplex Design.
- Powered by Blogger.com.