FXstreet.com (Córdoba) - The promote the someone of further duodecimal reduction measures (QE3) on the endeavour of the Fed fades into the distance, the solon the buck is able to realise, according to Ulrich Leuchtman, analyst at Commerzbank. This capital that affirmative US aggregation remains important for the greenback.
"While an increase of the monetary stem was an assume way for injecting liquidity into a dysfunctional financial activity during the financial crisis of 2008, much a policy is progressively incorrect the much it only aims to aim proper efficient objectives".
"QE3 would thrust the organism indicator up again and would thence create face pressure on EUR-USD. The small the essay for such a scenario the solon EUR-USD can travel low somesthesia", the shrink said. "Thence our advice: Rest USD bullish as desire as QE3 try is decreasing, but cut that situation as presently as QE3 danger re-emerges".
Sunday, January 22, 2012
