The Euro wiped out gains achieved yesterday after the Federal Reserve testimonies sent the currency soaring against the US Dollar.
A gloomy assessment of the U.S. economy from Federal Reserve Chairman Ben Bernanke, now leaves the door open for more monetary easing although his testimony was vague at best. Investors are now looking to the second round of testimony due later today.
As a result, we can expect moves in the Euro and other major currencies to be subdued ahead of today's testimony.
A gloomy assessment of the U.S. economy from Federal Reserve Chairman Ben Bernanke, now leaves the door open for more monetary easing although his testimony was vague at best. Investors are now looking to the second round of testimony due later today.
As a result, we can expect moves in the Euro and other major currencies to be subdued ahead of today's testimony.
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