US Dollar Index at this moment has gone below the 74 level at 73.974
It has gone lower than its 2009's low of slightly above 74. This will put the Federal Reserve in a dilemma of whether to have QE3 to print more money. Last week at the Sanya Summit, members of the BRICS group, Brazil, Russia, India, China and South Africa have agreed to trade in their own currencies to boost intra-BRICS trades. This arrangement is definitely no good for the US dollars.
.
No comments:
Post a Comment