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The Fed may start in the third round of quantitative easing policy (QE3) and a reverse force in Europe under the debt crisis, currency markets view of reproduction of differences.
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Only a month ago, the euro climbed to 1.4282 against the U.S. dollar has also the highest point during the year, when the currency traders started the second quantitative easing in Fed policy in the context of dumped U.S. dollars; and now, the market is more worried that the European governments have take urgent measures to reduce the budget deficit Black Ravens Jersey , will make the European economic slowdown next year, while some European government officials said the eurozone government bond holders or commitments for future assistance program will be part of the loss caused by, resulting in the bond market investors to avoid the far from it.
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Standard Chartered in Singapore, head of global foreign exchange research, said Callum Henderson, Ireland Cheap Ravens Jersey , Portugal, Spain and other European countries will continue to sovereign debt problems, the fundamental problem is that these countries have huge debt, huge budget deficits and large current account deficit Ravens Maxx Williams Jersey , so do not own funds, can not cut interest rates to solve the problem, so the only way to have only experienced a serious economic recession.