U.S. dollar fell sharply after facing a technical rebound

The first week of November long-awaited second round of the Fed confirmed quantitative easing, the dollar index continued toward the 2009 low of 74.17 fell. The currency non-US currencies are recorded in Central Europe, a new high since the debt crisis, with the new Federal Reserve initiatives, the expected increase in global inflation, commodity currencies are more excellent, AUD / USD break the major barrier of 1.0 bits, rose record high since the floating exchange rate, NZD / USD rose 3.84% last week, rose to two and a half year high.

The Fed lowered the long-term rates hit sentiment, the U.S. long-term bond yields continued to decline, capital stock and commodity markets on the favor of increase. The three major U.S. stock indexes closed up about 3% last week, Lehman Brothers back after two years before the financial crisis triggered by the high. Dollar fell sharply so that the performance of commodities is particularly bright, London copper closed up 5.95%, one step away from the historical record; NYMEX crude oil contract rose 6.66% main, rose to above 87 dollars. Gold market is not to be outdone, the international price of gold in the short-term amendments, the new record again, to the international gold price in early trading today, the highest recorded $ 1,398.5, $ 1,400 at your fingertips; gold T + D is also in early trading today Tiaokonggaokai, uplink to 299.69 yuan, 300 yuan integer mark in close proximity.

Since the fourth quarter, signs of accelerated growth in the U.S. economy, including construction, manufacturing and the employment market have increased Dengjun signs, but the Fed is clear that the U.S. lower the price level, increase the risk of the economy into deflation, the job market improved slightly enough to reduce the unemployment rate of nearly 10%, the Fed will need is a faster pace of economic growth. In this context, the 600 billion U.S. dollars last Thursday morning a new round of bond purchase plan came out, the Fed will be in 8 months, the average size of 75 billion U.S. dollars per month to implement. Meanwhile, in order to ensure that the economic stimulus plan will generate enough power, enough for the Federal Reserve said it will often view the progress of the overall size and purchasing plans in order to achieve economic growth is expected, which means an increase in the amount may be relaxed afternoon. Long-term U.S. dollar weakness will continue.