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ECB Buys Bonds

PostPosted: Wed Sep 05, 2012 12:01 pm
by rsk1963
So if the ECB is going to go on a spending spree and buy bonds, in the short term will this strengthen the USD or weaken it?

I think it'll garner suport for the USD for a bit and thought about playing ZSL while the usd gains, then switching over to USLV on the 11th for ben and the fed. any thoughts, insights would be appreciated.

Re: ECB Buys Bonds

PostPosted: Mon Sep 10, 2012 7:35 pm
by fb101
Should strengthen the dollar vs the euro, at least in theory, however it may just go opposite.
I do note the dollar is sitting at a strong support level.