Currencies lose amid expectations of a stronger US economy.
Dollar Mining News
Downward trend continues for metals. Weak dollar provides no relief.
The Federal Open Market Committee (FOMC) announced on November 3, 2010 that it would purchase longer-term Treasury securities at a pace of $75 billion dollars per month through the Federal Reserve’s Permanent Open Market Operations (POMO) facility by the end of the second quarter 2011 and potentially beyond.
As relief courses through the Eurozone government bond markets at the success of Portugal’s, Spain’s and Italy’s government bond auction, the sharp edge of the crisis appears to go away, for now at least.
Thursday's trading activity was another one of those days that made no sense whatsoever, or at least no sense in free-market terms.