Dollar Drops Most in 11 Months as Fed Follows ECB With Stimulus – Bloomberg 09-15-12

Salient to Investors:

Andrew Wilkinson at Miller Tabak  said the Fed shift was a welcomed driver for risk-loving investors, along with the ECB’s bold defense of the euro.

Sebastien Galy at Societe Generale said the expected ECB actions are helping the market to move away from the risk of financing of the U.S. and the peripheral risks in Europe.

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