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Excerpt from:  FX Rates

September 23, 2008 Ben Bernanke Urges Congress to Quick Action 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. Transcript of Bernanke Testimony What Ben Bernanke told Congress today http://calculatedrisk.blogspot.com/2008/09/bernankes-senate-testimony.html U.S. Dollar in Forex Trading Currency trading on the FX market http://www.gftforex.com/land/index.asp?aid=446 Topic Tags:  bailout, Ben Bernanke, Bernanke testimony, euro forex trading, forex trading, greenback, oil prices, U.S. dollar, U.S. economy by mmarquit  |  ↑top  |  link to this

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