Will Bernanke Kill the Dollar Rally?
When it comes to the movements in the foreign-exchange market, there are only a few things that can dramatically change the outlook of a currency. One of those is a change in monetary policy by a central bank -- and, right now, the verdict is out on whether the Federal Reserve will implement a third round of quantitative easing.
The U.S. dollar has been on rise for most of this year because Europe's problems have intensified, which has led investors to seek refuge in the greenback. Yet, over the past two weeks, it seems that risk aversion is not the only reason investors are buying dollars. Despite the Fed's concerns about the U.S. economy's outlook, there are a growing number of investors who believe that the economy is not weak enough to warrant QE3....410 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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