Financial Times (October 8)
2012/ 10/ 09 by jd in Global News
“The Federal Reserve’s new round of quantitative easing may stall the dollar’s long term appreciation but it will not reverse it.” The dollar is being driven higher by four fundamentals: 1). The growing U.S. economy 2). The safe-haven status of U.S. bond markets 3). The shale gas revolution reducing U.S. dependence on imported energy 4). The determination of other central bankers not to let their national currencies appreciate. QE3 merely “presents headwinds to the dollar’s favourable fundamentals.”
Tags: Central bankers, Dollar, Economy, Fed, QE3, Safe haven, Shale gas, U.S.
