Bernanke reiterated what we already know, that quantitative easing is coming, but he didn't offer new specifics. The Dollar fell following his speech, but then rebounded in NY trading on profit taking and some risk aversion in US stocks. We leave this week with the Dollar near parity against the Australian and Canadian Dollars, and near multi-month lows vs the Pound and Euro.
News Provided by CMS Forex
http://www.cmsforex.com
Forex Market Analyst: Nick Nasad
Core inflation excludes food and energy, I wish my monthly budget could exclude food and energy. It's like finding out how much weight you will gain out of eating a chocolate cake by not counting the sugar content because its volatile. =)
MrEZHAMMER 1 year ago
Nick, enjoy your weekend! ;-)
MyEconomics101 1 year ago