QE3 sparks widespread dollar bearishness
The announcement of a third round of quantitative easing, or QE3, from the US Federal Reserve last week sparked a widespread spate of US dollar bearishness as the currency plummeted against other major currencies at the end of the week.
Following the highly anticipated Federal Open Market Committee meeting on September 12–13, the central bank announced it would inject an extra $40 billion into the economy each month by buying up mortgage-backed securities. EUR/USD soared to 1.3147 as FX Week wen
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