Since the Federal Reserve signaled this summer that it was preparing a second round of quantitative easing, the dollar has fallen more than 6 percent against major currencies. The Fed will buy roughly $600 billion in U.S. treasuries over the next nine months, hoping to lower their yield and, in effect, inject $600 billion of additional liquidity into the economy. As money supply increases, more investment is drawn to hard assets, such as commodities, that will retain their value as the ...
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