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Business Forum European shares, dollar soften after Fed's stimulus plan at News Forum - LONDON - European shares edged lower and the dollar slipped against most major currencies on Thursday after the U.S. Federal ...

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Old 12-13-2012, 04:22 AM   #1
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Default European shares, dollar soften after Fed's stimulus plan

LONDON - European shares edged lower and the dollar slipped against most major currencies on Thursday after the U.S. Federal Reserve announced new measures to support the world's largest economy. Oil, copper and gold also fell as investors remained worried about whether the United States would miss a year-end deadline to avert a "fiscal cliff" of about $600 billion of tax hikes and spending cuts that will start in January. The Fed said it would buy $45 billion of Treasuries a month on top of the $40 billion a month in mortgage-backed bonds it started buying in September. ...




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