2009
EUR USD – USD Collapse – EURO Jumping Higher – Melvin Harris ACM March 18, 2009
March 18, 2009: EUR, USD – USD Collapse – EURO Jumping Higher – Melvin Harris ACM March 18, 2009. The FOMC left the key interest rates unchanged. In response, the USD got crushed by the EURO with eurozone currency weighing over 400 pips within minutes after the announcement. The committee also announced that it will purchase up to 300 billion dollars in long term treasuries over the next 6 months. Hear FOREXTV discussion with Melvin Harris of Advanced Currency Markets about how the market is reacting including the EURO jumping higher.