ECB Begins QE, US Jobs in Focus
JarredCalvertThe surprising decision by ECB to purchase asset-backed securities and covered bonds starting in October sent the euro below 1.3 against US dollar, the first time in a year. European shares also climbed amidst hopes of stronger recovery as the central bank injects liquidity to the financial system. Wall Street slid as Treasuries fell.
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ECB Begins QE, US Jobs in Focus
