Dollar Price
February 16th, 2010
No doubt the statements made today by Federal Reserve Chairman Ben Bernanke, have their counterpart in the international currency market.
According to the announcement, the Fed will have to tighten financial conditions through higher interest rates in the short term. Thus would begin to apply measures to restrict the money supply that will end the era of cheap money U.S.
While the withdrawal of anti-crisis measures will be slow and progressive, are the economic conditions which will set the pace at which it would take money from circulation.
Also the way the Fed will proceed to end the extraordinary measures has not yet been defined, and will be shaped in terms of economic and financial
developments.
It is expected that these advertisements mean a boost for the dollar over that since November has recovered approximately 6%.