Thread: CMS Forex's Daily Video Recap - 06/03- Dollar Jumps Following Bernanke Speech
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Old 06-03-08, 06:29 PM
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Dollar CMS Forex's Daily Video Recap - 06/03- Dollar Jumps Following Bernanke Speech
Bernanke's Comments Give Dollar Strength
Tuesday, June 3rd, 2008

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The markets reacted to Bernanke's speech today with Dollar strength as he implied that the Fed will not move to lower rates any further as he noted that a weak Dollar has fueled inflation. The Dollar gained 150 pips against the Euro in one hour following his comments.

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