Dollar retreats on the U.S. stimulus speculation

The dollar slumped against the world's major currencies on Thursday on mounting speculation that the US will unleash another round of quantitative easing.Minutes of the recent meeting of the Federal Reserve has confirmed that the Central Bank is considering a new round of "printing money" to re-launch the stall recovery. Photo: Getty Images

Sterling climbed 1.77 cents to $1.6015, comes from the high eight months it affected intra-day trading, the euro has increased to $1.4123-its high since February and the yen has reached a peak of 15 years Y81.54. Weakness of the dollar and fears that the U.S. Treasury yields will be down for EQ as trigger interest in gold.However, investment haven of the planet has reached a new record of $1,386 per ounce, having already increased 25pc this année.Produits also rallying.

Minutes published this week of the reserve Federal us the most recent meeting confirmed that the Central Bank is considering a new round of "printing money" to re-launch the stall recovery.The new sparked a dollar sell-off, which has been losing ground against other currencies for some time.

China Thursday locked to slide the dollar's strength strike at recent critical acute United States .Li Xiangyang, a Director of the Chinese Academy of social sciences, a first group of reflection of Government accused America to be "the first manufacturer of tomb figures" phrase, in Chinese, reflected by a person who has set a bad precedent.

"The depreciation of the dollar seems to be focused on the market," Li wrote in the daily lives of the people. "In reality, it is a depreciation stained by very strong actions, deliberate. ?

The reprimand followed weeks attacks on China officials and economists, who claim second economic power world is distortion of trade flows by deliberately keeping its currency to support its industry export .the comments were soon followed by a call to Chinese Deputy Prime Minister Wang Qishan County to keep Clarke the discussion of trade policy.

"Two nations should further enhance trust and mutual understanding to avoid politicization economic and trade issues," said U.S. former Secretary of State Madeleine Albright in Beijing, according to the Xinhua News Agency official Chinese.

HSBC Analyst Jim Steel said litigation money helped support gold. ""The recent meeting of IMF having regard to the public release of disagreements between China and the United States on monetary policy," he said. "QE expectations are an important element, currency differences are also a first pilot of the price of gold.?


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