The currency war will push FBM KLCI go higher

On Wednesday afternoon, longer-dated U.S. government bond prices fell sharply and commodities rose as the dollar's value weakened before the Fed's decision to buy Treasuries in a move seen as "printing money." A flood of dollars on the market debases the currency's value. The U.S. policymakers – while leaving interest rates unchanged – have stated its intention to purchase a further US$600bn of longer-term Treasury securities by end-2Q11. This is slightly higher than market expectations, which then pushed up key equity indices on Wall Street by between 0.2% and 0.4% at the closing bell.

From this development, share market in Asia will be moving up due to devalue of USD and also soon food price will also move up. With the devalue of USD the currency war will go harder and ours buying power will be lower so I think we need to invest in same think as long as out from printed money.