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CMS Forex's Daily Video Recap - 06/03- Dollar Jumps Following Bernanke Speech

Discussion in 'Forex Videos' started by cmsforex, Jun 3, 2008.

  1. cmsforex

    cmsforex Contributing Member

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    Bernanke's Comments Give Dollar Strength
    Tuesday, June 3rd, 2008

    [YOUTUBE]http://www.youtube.com/watch?v=EUXlGzmBpcY[/YOUTUBE]

    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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