Text of Bernanke testimony will be released by Fed at 10:00AM ET...
X!nG 发表于 2010-2-10 09:41
Any signs or hints towards more clarity of an exit strategy will boost the US dollar. Bernanke is expected to list the various ways the Fed may start to withdraw liquidity prior to raising rates such as (i) paying interest on reserves (ii) reverse repos (iii) asset sales. There could be some short term USD decline in the event Bernanke reiterates that rates will stay low for considerable period; but the mere fact that Fed is addressing exit strategy while ECB is expected to extend liquidity could be positive for the greenback.
Any signs or hints towards more clarity of an exit strategy will boost the US dollar. Bernanke is expected to list the various ways the Fed may start to withdraw liquidity prior to raising rates ...
X!nG 发表于 2010-2-10 09:44