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الثلاثاء، 25 سبتمبر 2012

Strong movement of the Fed devalues ​​dollar

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After the announcement of "Ben Bernanke" and the U.S. Federal Reserve Bank for new efforts and control very to stimulate the U.S. economy and create job opportunities, the U.S. dollar index back to its lowest level against a basket of currencies, reaching 79.134 DXY.

Based on the news the euro reached its highest level in 4 months, moving to $ 1.3016 on trading platform EBS before settling at 1.3008 $ at 13:04 (Japan time), achieving 0.2% of recent trade in the United States.

Obviously that analysts are divided on the movements of the euro at this point, where some think that it is possible to have support still exists in the short term, while others think that the hack above the $ 1.30 level would be a full momentum that can be achieved by the euro as the euro strongest will put unwanted pressure on the euro zone economy.

Although the outlook for the Fed's moves were mixed, in the end, the Bank announced that operations will start to buy bonds worth $ 40 billion each month and it will continue to take these steps to come while improving U.S. labor market significantly. They also announced that very low interest rates will remain the same until at least 2015, even if there is economic recovery.

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