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>> EUROPEAN CENTRAL BANK Latest News

OCT 19, 2013 - Zero Hedge

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Dollar Breaks Down

The re-opening of the US government after a 16-day shutdown sparked a sell-off in the US dollar that has deteriorated the near-term technical outlook.  The combination of setting the stage for a repeat of the brinkmanship in early 2014 and the recognition that the Fed's long-term asset purchases are unlikely to be slowed this year, provides the fundamental backdrop.     The prospect of unabated asset purchases by the Federal Reserve favor risk assets.  It will likely reinforce the flow into Spanish and Italian assets, and European distressed asset more broadly, including ... Read More

Tags: Dollar Breaks Down,  European Central Bank Latest News