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Commodities Briefing - Categorized | Currencies, Regulatory more

Fed action bolsters commodity nations’ currencies

Posted on 23 March 2009

From Gulfnews.com: The Federal Reserve’s move to crank up the money printing presses last week has soured investors on paper assets in favour of the sort that make cars run and wedding rings shine.

And in the world of foreign exchange, that means big gains for currencies from countries that produce oil, gold, copper and other commodities - physical assets likely to hold their value if growth recovers and inflation gets out of control…..Full Article: Source


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VRS - who has written 36243 posts on Opalesque Commodities Briefing.


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