Bernanke Remarks Boost Dollar

The dollar gained on Thursday following Federal Reserve Chairman Ben Bernanke’s statements that the Federal Reserve is not likely to enter into a third round of quantitative easing. An agreement in Washington between Republicans and Democrats for spending cuts amounting to $1.5 billion also boosted the dollar and gained positive momentum for debt-ceiling talks.

Wall Street Journal, July 14, 2011
Bernanke Remarks Boost Dollar