I say "surprise" because what do you expect when the government massively increases the money supply. Reuters has the story here:
The dollar rebounded on Friday but still recorded its biggest weekly slide since 1985 as the Federal Reserve's plans to buy long-term government debt stoked fear about the erosion of the U.S. currency.
The Fed shocked financial markets this week when it said it would buy some $1 trillion of government and mortgage-backed debt in a bid to cut interest rates and kick-start lending. . . . . .
Surprise: "Dollar caps worst week in 24 years"
4/
5
Oleh
abudzar
