FX Weekly: 18th October 2010
Second tranche of QE in the US is now almost certain. The size, scale and method of asset purchases will be key and would help USD to rebound if month-by-month/Pay As you Go structure is applied this time round
Although USD is likely to continue posting further declines, a side-effect could arise in the form of retaliatory protectionist measures i.e. trade disputes, competitive devaluation
EUR/USD breaks above 1.40 as policy stances in the EU and US diverge further.
Gold reached a new lifetime high of $1,287 per troy ounce; persistent USD weakness, currency debasement fears and increased speculative participation are keeping Gold well supported
This coming week is key with macro data, interest rate announcements and US earnings all featuring
Although USD is likely to continue posting further declines, a side-effect could arise in the form of retaliatory protectionist measures i.e. trade disputes, competitive devaluation
EUR/USD breaks above 1.40 as policy stances in the EU and US diverge further.
Gold reached a new lifetime high of $1,287 per troy ounce; persistent USD weakness, currency debasement fears and increased speculative participation are keeping Gold well supported
This coming week is key with macro data, interest rate announcements and US earnings all featuring
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