Daily Video Recap (8/15): Greenback Rebounds After Bernanke
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
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