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Wednesday, March 22, 2006

Bullish Dollar On Hawkish Comments By Bernanke

Dollar sentiment remained bullish through the day on Tuesday, largely in response to hawkish comments that Fed Chairman Ben Bernanke made on Monday night to the Economic Club of New York. Fed watchers are noting a change in style with Mr. Bernanke, based on the opening disclosure to his presentation, "The views I will express are my own and are not necessarily shared by my colleagues on the Federal Open Markets Committee." (FT) Read More....