(Reuters) - The dollar recovered from a record low against the euro on Monday, supported by strong U.S. consumer sentiment and expectations of hawkish comments from the Fed chairman in testimony this week.
Analysts expect Ben Bernanke to tell the U.S. Congress in monetary policy testimony on Wednesday and Thursday that the Federal Reserve is more worried about a flare-up in inflation than about any serious damage to the economy from housing market turbulence.
Read more at Reuters Africa
Analysts expect Ben Bernanke to tell the U.S. Congress in monetary policy testimony on Wednesday and Thursday that the Federal Reserve is more worried about a flare-up in inflation than about any serious damage to the economy from housing market turbulence.
Read more at Reuters Africa
No comments:
Post a Comment