Excerpt from: GFT Analysts in the News
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| September 23, 2008 | | Bernanke testimony helps urge U.S. dollar a little higher | After being down earlier today, the U.S. dollar is rising for the first time in days against the euro in forex trading. As Ben Bernanke urges Congress to quick action, there is hope that a bailout deal will be reached soon, and that is providing some confidence for the U.S. economy and for the greenback.
Another helpful item is the retreat of oil prices. After spiking a record amount yesterday, things have cooled off a bit and oil prices have backed down.
| Topic Tags: bailout, Ben Bernanke, Bernanke testimony, euro forex trading, forex trading, greenback, oil prices, U.S. dollar, U.S. economy | |
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