The US Dollar was able to take a step back from lows but was still precariously close to them in a day that saw light flows and little action. The US Federal Reserve spent most of the NY day emphasizing the fact that rates in the US will remain low for an extended period of time, talk that would do nothing to buoy the sinking dollar. Further comments by Fed Chairman Bernanke that looked to reinforce the central bank’s “Strong dollar policy” fell mostly by the wayside. Full text »
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