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Dollar Soars More than 2% vs. CHF

26.08.2011, 14:59:38 PM

by Around FX

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Ben Bernanke offered no clues to any additional monetary stimulus to U.S. economy, but stressed fiscal resposibility from Washington.
The reason for the advance is that if a monetary stimulus were given, supply of dollars would grow and weaken the buck. However, with no stimulus given, the supply of greenbacks in the market will not grow. Hence, the dollar is strengthening.

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