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Washington Post (June 20)

2013/ 06/ 21 by jd in Global News

As the Federal Reserve moves closer to an eventual unwinding of its massive quantitative easing program, the dollar looks poised to gain, disadvantaging U.S. exports. “For investors around the world, the great unwinding has begun, with sharp swings in different world bond and stock markets as money is shifted in response to the likelihood of higher interest rates and possibly stronger economic growth in the U.S. Currency markets are moving too – and it may mean a further drag on U.S. exports that are already stuck in neutral.”As the Federal Reserve moves closer to an eventual unwinding of its massive quantitative easing program, the dollar looks poised to gain, disadvantaging U.S. exports. “For investors around the world, the great unwinding has begun, with sharp swings in different world bond and stock markets as money is shifted in response to the likelihood of higher interest rates and possibly stronger economic growth in the U.S. Currency markets are moving too – and it may mean a further drag on U.S. exports that are already stuck in neutral.”

 

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