USD Trading Outlook (03-05-2011)
The Dollar weakness last week was accelerated by the FED chief Bernanke who spoke at the press conference after the FOMC meeting. In the first Q& A session ever post a FOMC session we saw Bernanke temper expectations that the US would change monetary policy soon with low rates expected for an & lsquo extended period& rsquo and the FED very concerned with the weak employment situation.
Back to Currencies Archive