FX & Money Markets

Macroeconomics, monetary policy, FX and money markets
First with comments from Bernanke that push down dollar

First with comments from Bernanke that push down dollar

Reuters left competitors in the dust on Dec. 7 with alerts from a market-moving speech by Federal Reserve Chairman Ben Bernanke that cooled speculation of an early rise in interest rates. In comments that pushed down the dollar, Bernanke told an audience of economists that the U.S. recovery was not yet self-sustaining and still faced formidable headwinds.’ Bernanke started his comments several minutes earlier than scheduled, catching competing news wires unawares. Reuters led the pack again when Bernanke, responding to a post-speech question, said Fed policymakers were still looking at holding rates low for an extended period` even in the wake of an upbeat jobs report just a few days earlier.

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