Saturday, August 28, 2010

USA: The situation in the FOREX

The U.S. dollar rose against the Japanese yen and Swiss franc but fell against some high-yielding currencies on Friday after Federal Reserve Chairman Bernanke promised to provide further impetus for the U.S. economy, if need be. In the prepared speech at a meeting of heads of central banks in Wyoming, Bernanke said the Fed is prepared to support the weakening U.S. recovery, but said that would be taken any action. These comments provoked a rapid growth in the U.S. stock markets, which helped the euro strengthen moderately against the U.S. dollar, and New Zealand and Australian dollar rose by about 1.2%.

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