Excerpt from: Forex Forecast
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| February 28, 2008 | | Ben Bernanke signals more US rate cuts | In yesterday's testimony before Congressional members, Ben Bernanke signaled that more US rate cuts are ahead. This is important for the US dollar forex trading forecast, since rate cuts usually lead to lower currency trading on the FX market. Reuters reports on Ben Bernanke and US rate cuts:
Bernanke signaled further rate cuts to avert a recession, making clear
that the U.S. central bank was more worried about risks to growth than
inflation. He will continue his testimony later on Thursday, when he
addresses the Senate Banking Committee. | Topic Tags: Ben Bernanke, currency trading, forex trading, forex trading forecast, FX market, US dollar forex trading, US rate cuts | |
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