The International Energy Agency (IEA) today warned that the global recovery is in danger should pass stimulus provides the Federal Reserve – appointed by Nick QE2 - rising commodity prices. Eduardo Lopez, senior analyst of oil demand of IEA, stated that a weakness of the dollar from the "printing" Fed more money to facilitate credit refers to the United States, could lead to lower prices that those goods are traded in U.S. dollars.
"If commodity prices from arises even further, it could disrupt recovery," explains during a Conference at Singapour.QE2 could inflate prices in nominal terms due to inflation and could derail recovery.»
Source: Reuters
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