QE3 May Boost Euro, Australian Dollar

With financial leaders meeting in Jackson Hole, Wyoming this week, the markets are abuzz with plenty of QE3 speculation. Will it happen? And, if so, what will be effects on the market? Market analysts and economists differ in their opinions on what will happen, if at all. But, the effects on the market are loud and clear if the Federal Reserve sides with another round of monetary stimulus. Similar to conditions in both previous attempts (QE1 and QE2), riskier (higher beta) assets like stocks and commodities are likely to be supported – while interest in fixed income investments are likely to dwindle. This scenario will also help boost demand for two currencies in particular – the Euro and Australian dollar. Read the article here - http://forexalliance.com/2011/08/22/forex-majors/qe3-boost-euro-australian-dollar/