Fed Chairman Bernanke, speaking in Boston, has made clear that the central bank's monetary policy will soften further, when will meet next time in early November. With a higher than desirable, the risk of deflation and the growth rate "is weaker than we would like to see," Bernanke sees an opportunity for further action. He was ready to provide milder conditions, if necessary. None of this came as a surprise, as well as the reaction of the forex market, where the dollar significantly weakened, commodity currencies rose, and yields of Treasury bonds fell. And it's a Friday afternoon, when many who already prefer dollar shorts away for the weekend. After that's hard to tell what will stop the sale of green next week.
Translate this page
