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Currency Markets Await Bernanke Talk.

Currency markets witnessed yesterday positive performance of a number of currencies against the dollar, which tried to offset with the beginning of today's session which is witnessing an improvement in the performance of the dollar. It should be noted that in spite of the current movements in the markets, but trading remains somewhat limited in a modern waiting chairman of the U.S. Federal Reserve Bank.

The dollar's status is unstable depends on any expectations or rumors about the intention of the Fed to pull the operations of monetary stimulus, which pays financial market participants to follow up an interview, Mr. Bernanke is expected to have illustrated the intention of the Fed in how to deal with the programs of monetary stimulus current. Despite the declines witnessed by the dollar yesterday against the European currencies but in the short term remains the dollar retains its strength against other currencies due to improved economic data issued by the U.S. economy and the attendant support for the performance of the federal currency.

The euro rose yesterday against the dollar, its highest level at 1.3173, while the pair is currently trading at 1.3140 level. As for the pound sterling against the dollar after record highs yesterday at 1.5167 the pair is currently trading at 1.5114 level. The dollar rose against the Japanese yen today, its highest level at 99.53, while the yen against the dollar is trading around the 130.56 level, the pair remains confined to specific ranges. Also, Australian dollar was high against the U.S. dollar yesterday, its highest level in three days at 0.9259, before that is currently trading at 0.9234 level.

Wednesday, 17 Jul, 2013 / 8:09

Source : https://www.firstbinaryoption.com

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