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Daily Video Recap Part 2: A Detailed Look at FOMC and Market’s Reaction
Written by article default Thursday, 04 November 2010 10:44
The FOMC announced its quantitative easing program – $600 billion in Treasury purchases spread out over 8 months. The news caused a bit of a knee-jerk reaction against the greenback, and should pressure the USD in the medium term. We take a look at the implications of QE2 and a look at the market’s initial reaction.