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20 Jun 2013
Session Recap: The Dollar rallies As Bernanke shows the exit open
FXstreet.com (San Francisco) - The market was waiting the Fed economic projections and the Ben Bernanke speech and they delivered. After the Chairman press release, market assumed that the fed is ready to start tapering and the Dollar flied against its major competitors.
The EUR/USD declined from the 1.3400 to closed the day below the 1.3300. The GBP/USD collapsed around 200 pips to test the 1.5450 level. The AUD/USD dropped hard to 2 ½ - yr low at 0.9280 and the USD/JPY advanced to reach 79.00 levels.
Main headlines in the American session:
The Fed leaves its interest rate unchanged at 0.0-0.25%
Bernanke talks exit strategy
Bernanke: The Fed is ready to start tapering
King: UK needs more BoE stimulus as recovery not assured
Wall Street collapses as Bernanke signals exit strategy
The EUR/USD declined from the 1.3400 to closed the day below the 1.3300. The GBP/USD collapsed around 200 pips to test the 1.5450 level. The AUD/USD dropped hard to 2 ½ - yr low at 0.9280 and the USD/JPY advanced to reach 79.00 levels.
Main headlines in the American session:
The Fed leaves its interest rate unchanged at 0.0-0.25%
Bernanke talks exit strategy
Bernanke: The Fed is ready to start tapering
King: UK needs more BoE stimulus as recovery not assured
Wall Street collapses as Bernanke signals exit strategy