Talks about FX interventions may result in the EUR/USD correction up
The US $700-billion QE is just the beginning of the measures aimed at saving the US economy. In the first two days, the Fed bought the Treasury for $ 275 billion of the announced $ 500 billion and mortgage bonds for $ 52 billion of the announced $ 200 billion to saturate the markets with the necessary liquidity. However, when the liquidity crisis turns into the solvency crisis, amid the disruption of the supply chain, the greenback is doomed to strengthening.
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