, 09-25-2011 at 04:17 PM (865 Views)
Most major currencies sharply depreciated against the US dollar mainly during the second part of the week; many attributed these changes in the forex market to the disappointment from the Fed's plan to purchase long term securities and no QE3 program. By the end of the week, many currencies slightly regained some of their losses against the US dollar. The ongoing concerns over the Euro Area debt crisis will continue to affect the Euro/USD throughout the rest of the week.
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