GBP/USD lower in forex trading The sterling is losing ground in currency trading on the FX market as the BOE announces quantitative easing. While making the interest rate announcement, the BOE also announced that it would buy more assets. As a result, the UK pound immediately began losing ground in forex trading on the currency [...]
What’s next for the U.S. dollar policy? The Fed is expected to release a policy statement today, and forex traders and other investors are waiting to see if Ben Bernanke will announce another round of quantitative easing to help investors get over last week’s more than 500 point Dow drop, and yesterday’s more than 600 [...]
Greenback in currency trading The U.S. dollar is higher across the board today in forex trading on the currency market. It’s the first day without quantitative easing, and the greenback is doing better than many thought it would. However, a lot of it probably has to do with low volume. Americans are gearing up for [...]
In a few weeks, the US could overtake China as the world’s biggest currency manipulator. Don’t get me wrong: I’m not predicting that the US will officially enter the global currency war. However, I think that the expansion of the Federal Reserve Bank’s quantitative easing program (dubbed QE2 by investors) will exert the same negative [...]
Japan may have triggered a QE race For weeks now, a number of countries have been making noises about supporting economies through more economic stimulus. Speculation about another round of quantitative easing has been rampant.
Sterling continues to tank against the dollar in forex trading The British economy may require more quantitative easing, according to some policymakers. While it is far from a foregone conclusion, the Bank of England is leaving the door open to further stimulus measures, according to member Posen. GFT’s Kathy Lien reports in FX360 on the [...]