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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

    May 5, 2008
    Likes Received:
    Bernanke's Comments Give Dollar Strength
    Tuesday, June 3rd, 2008


    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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