Global foreign exchange market
WITH no major economic data scheduled for release this week, investors are focused on the Federal Reserve's annual summit in Jackson Hole. At last year's summit, Federal Reserve chairman Ben Bernanke outlined the requirements for further action by the central bank, paving the way to QE2, which was announced 3 months later. The lack of meaningful growth over the past year has put the Fed back in the spotlight with the world watching closely for hints at QE3.
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