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Forex Weekly Outlook September 17-21
In a dramatic week, the US dollar suffered huge losses as Ben Bernanke launched QE3 and as more good news came out of Europe. US housing, manufacturing and employment data are the major events this week, alongside a Japanese rate decision. Here os an outlook on the main market movers ahead. Last week the Federal Reserve announced QE3 in light of the weakening US job market. Monthly bond buys worth $40 billion will be carried alongside Operation Twist until its expiry by the end of this year. Further stimulus was also discussed. These measures aim to reduce unemployment (a “grave concern”) as well as support the ... (full story)
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