The USD appreciated against most major currencies yesterday |
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The USD appreciated against most major currencies yesterday after domestic pending home sales were reported much higher than expectations at 6.3%. Bernanke reiterated his stance on USD yesterday when he spoke in Massachusetts by saying that "the FOMC will strongly resist an erosion of longer term inflation expectations." Markets have reacted strongly to the hawkish comments as the US 2 year treasury yield curve has risen sharply and risk appetite in the FX market has made a strong return with
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