<!–TITOL: Forex Flash: EUR/USD may easily remain under pressure – Commerzbank FITITOL–> FXstreet.com (San Francisco) – Federal Reserve chairman Ben Bernanke’s Congressional testimony on Wednesday indicated that the central bank still has room to maneuver, versus the ECB’s policy which is driven by demand for liquidity. “In comparison to the Fed, the ECB’s monetary policy [...]
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Fri Mar 2, 2012 7:58am EST * Yen slides to 9-month low vs dollar of 81.718 * Japanese deflation to keep BOJ focus on easing measures * Euro slips versus dlr post-LTRO; Spain adjusts deficit target By Nia Williams LONDON, March 2 (Reuters) – The dollar climbed to a nine-month high versus the yen on [...]
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–Euro stabilizes after Bernanke-inspired rumble –Norwegian krone, Polish zloty sparkle By Eva Szalay Of DOW JONES NEWSWIRES LONDON (Dow Jones)–The euro stabilized Thursday as the damage inflicted on the currency’s value Wednesday by a relatively hawkish U.S. Federal Reserve Chairman Ben Bernanke ran its course. The single currency lost 1% of its value against the [...]
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Thu Mar 1, 2012 8:10am EST * Euro retreats from recent highs, support just below $1.33 * Dollar recovers as Bernanke gives no QE hint * Morgan Stanley raises end-Q1 EUR/USD forecast to $1.34 By Jessica Mortimer LONDON, March 1 (Reuters) – The euro was subdued against the dollar on Thursday on profit-taking after a [...]
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USD Wednesday brought another day full of surprises in the markets. In the end the big event everyone had been waiting for and was expecting to move the markets had only a minor effect whilst it was Fed Chairman Ben Bernanke’s semi-annual testimony to Congress which proved to be the main market mover. His speech [...]
Forexpros – The euro fell against the U.S. dollar Wednesday, after Federal Reserve Chairman Ben Bernanke stated that the U.S. was prepared to adjust the balance sheet “as appropriate” to support the economy spurring strength in the greenback. EUR/USD pulled back from 1.3486 to trade at 1.355 down 0.77% on the session, The pair was likely [...]