Dollar steady after Bernanke says inflation to moderate

NEW YORK (MarketWatch) - The U.S. dollar was almost unchanged against other major currencies after Federal Reserve chairman Ben Bernanke said U.S. inflation is expected to moderate this year and next. The pound bought $1.8590 in recent trading, the euro bought $1.4822, and the dollar bought 109.87 Japanese yen. The dollar index stood at 76.55, little changed from where it stood before Bernanke’s speech. The recent decline in commodity prices and the increased stability of the dollar have been welcome trends, Bernanke told policymakers and economists at the Fed’s annual retreat in Jackson Hole.
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Original post by Forextvblog

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