Forex News - Ben Bernanke Rings the Forex Market Bell

The Chairman of the US Federal Reserve Bank, Ben Bernanke, rings the forex market bell at a speech he made yesterday at an economic conference in Barcelona Spain. The challenges that our economy has faced over the past year or so have generated some downward pressures on the foreign exchange value of the dollar, which have contributed to the unwelcome rise in import prices and consumer price inflation. We are attentive to the implications of changes in the value of the dollar for inflation and inflation expectations and will continue to formulate policy to guard against risks to both parts of our dual mandate, including the risk of erosion in longer-term inflation expectations. While one speech will not in itself turn the Dollar around it does serve notice that Dollar bears had best be very careful with their forex positions and that Dollar bulls may be about to gain the upper hand. Should the Fed start to raise rates to help strengthen the Dollar that action would likely ring another bell for the stock market. Learn to Trade Forex insights given by a professional forex trader and a team of guest forex trader writers, Sharpen your forex trading skills by reading on the money information. read more

Technorati Tags: dollar, forex, inflation, market, stock, bernanke, forex news