Dollar strikes back |
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Last week showed that sentiment towards the dollar is still strong. Speeches given by Fed’s Chairman, Ben Bernanke, were interpreted as “hawkish” causing the eurodollar to drop from $1.5825 all the way to $1.5320 throughout the course of the week. Bernanke mentioned that inflation can be dangerous for the American economy and that the Fed will “take all necessary steps” to fight it. Analysts already predict interest hikes in the U.S to 2.75% till the end of the year. The threat of inflationary
Filed under: Fundamental
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