Bernanke Speech Sends Dollar Tumbling
March 27, 2012 at 10:00 AM EDT
Source: ForexYard Bernanke Speech Sends Dollar Tumbling A speech by Fed Chairman Ben Bernanke yesterday resulted in the US dollar tumbling throughout the European trading session. The speech, which hinted that the Fed may initiate another round of quantitative easing in the near future, turned the USD bearish against both the euro and Swiss franc. Turning to today, traders will want to pay attention to the US CB Consumer Confidence report, scheduled to be released at 14:00 GMT. A positive figure may help the dollar recoup some of yesterday's losses. Economic News USD – US Consumer Confidence Set to Impact Dollar Signs that the Fed may initiate a new round of quantitative easing sent the dollar tumbling against . . . → Read More: Bernanke Speech Sends Dollar Tumbling