Europe's economy came under immediate pressure on Thursday after the US Federal Reserve unlocked a massive cash injection seen as President Barack Obama's last chance to stimulate its job-light economy following his heavy electoral reverse.
The euro rose to a new nine-month dollar high point after the announcement of a second phase of "quantitative easing" measures, soaring as high as $US1.4244 in London trade, a level not seen since January.
For more: Post-vote Obama era takes nasty turn for Europe
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