Excerpt from: Forex Analysis
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| October 21, 2008 | | Bernanke, credit markets help greenback in currency trading | The U.S. dollar has been making solid gains in forex trading on the currency market. One of the main helps to the greenback in currency trading has been the aftermath of Ben Bernanke's Congressional testimony.
In his testimony, the Fed chair urged a second economic stimulus package and reaffirmed his commitment to buoying up the U.S. economy by any means possible.
Bernanke's remarks have had a stabilizing effect on the credit markets, with the Libor and the TED spread dropping, making it easier for banks and businesses to borrow money.
| Topic Tags: Ben Bernanke, credit markets, currency trading, forex trading, greenback currency trading, Libor, TED spread, U.S. dollar forex trading | |
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