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Tuesday, November 28, 2006

Bernake Comments Discussion

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Bernake Comments werent any kind of a Suprise, that will change the whole image of USD.

The USD negative tone still remains in Place after his comments.

While Bernanke's comments on inflation, housing and growth "all fit in with a nice soft-landing scenario," Fed chairman also noted "substantial uncertainties" and that's a USD negative,

That's offset by Bernanke's general anti-inflation rhetoric, leaving mkt with little to seize on - "leaving the tenor an increasingly entrenched USD negative

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