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February 28, 2008

Forex Trading Forecast: More US Rate Cuts

Ben Bernanke signals more US rate cuts
US rate cuts, Ben Bernanke, forex trading, forex trading forecast, currency trading, FX market, US dollar forex trading
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.
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Topic Tags:  Ben Bernanke, currency trading, forex trading, forex trading forecast, FX market, US dollar forex trading, US rate cuts
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