The Market Pulse From QE2 To G20 Summit
World Market Pulse submits:Last week, the US Federal Reserve announced an additional $600 billion in asset purchases to support the economy, but as discussed earlier, with the size and scope of the move already priced in, the dollar has managed to stabilize over the past few days, particularly against the euro. Volatility in the currency markets has become a focal point of foreign policy, with many nations seen as deliberately weakening their currencies to give their exporters a competitive advantage. G20 Summit: As G20 heads of state meet outside Seoul, South Korea from November 12-14 where President Obama is likely to be told that the Fed action was an effort to weaken the dollar to boost exports, analysts feel that most global leaders have their work cut out for them. On the one hand, the Germans and the Chinese are complaining about the Fed's quantitative easing while the US, Canadians and Europeans are all complaining about undervalued Asian currencies on the other.Complete Story »
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