VIDEO: Fed's QE2 plan seen pressuring Dollar
CHICAGO, Illinois (Agriculture.com)--As the Federal Reserve prepares to announce Wednesday its plan to print more money for the U.S. economy, the stimulus plan is seen pressuring the Dollar.
Phil Flynn, PFGBest.com financial analyst, tells Agriculture.com that the Fed's quantitative easing plan, known as QE2, could keep the U.S. Dollar in a downward spiraling position, pushing up commodity prices.
Flynn appeared as a guest this week on the Marketeye Report in Chicago.
Marketeye: Phil Flynn on the dollarMike McGinnis discusses movement of the dollar with Phil Flynn from PFGBEST.com