Currencies: Dollar gains as Bernanke leaves markets in doubt on the exit
EUR/USD and other major currency cross rates had a rollercoaster ride over the last 24 hours. Soft comments from Bernanke hit the dollar first, but the US currency did fight back as the Fed president said that the Fed could decide on a scaling back of policy stimulation ‘in the next few meetings’. EUR/USD dropped off the 1.30 area. Sterling was hit by poor UK retail sales.
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KBC