Nov 7, 2010

Your forexlive.com ENewsletter

Your forexlive.com ENewsletter

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Repeat:Bernanke: Strong U.S. Economy Best for the Dollar

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--Retransmitting Story Headlined 14:06 ET Friday By Denny Gulino and Rica Shelton Caughman JACKSONVILLE, Fla. (MNI) - The Federal Reserve is well aware of the special role the dollar plays in the global financial system and a strong U.S. economy is what will help the dollar the ...

Bernanke: QE2 Is Monetary Policy By Another Means

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By Steven K. Beckner JEKYLL ISLAND, Ga. (MNI) - Federal Reserve Chairman Ben Bernanke Saturday continued to defend the Fed's resumption of quantitative easing, saying economic and financial data show the need for the Fed "to do more." Bernanke sought to ...

Bernanke defends Fed actions

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You've heard his reasoning before, but it is instructive to hear it again. "Our first objective, the first goal that we have, is to meet our mandate to get price stability and maximum employment in the United States," Bernanke said yesterday in response to questions from college students in Jacksonville, ...

Here’s how to get banned…

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Do things we ask you nicely not to do, like promote products, services, sites, etc. Comment endlessly without adding any value to the discussion Become a general pain in the keister... Avoid those, and you can say pretty much anything you please, as long it is somehow related to the markets...

Geithner reiterates strong dollar policy

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Bloomberg carries comments from Geithner after the Finance Minister's meeting at the APEC summit. "We will never use our currency as a tool to gain competitive advantage," Geithner told reporters today after a meeting of finance ministers from the Asia-Pacific Economic Cooperation group in Kyoto, Japan. The Treasury chief said he believes ...

Geithner not getting anywhere with current account limits

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The US's proposal to limit the current account deficits and surpluses is finding no further favor at the APEC meeting than it did at the G20. Also this weekend,  Japanese PM Kan blamed the US for the JPY's strength. That's kinda rich since his central bank is buying everything but ...

Update: APEC FinMin: Aim More Mkt-Set FX, Avoid Deval Race

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-- Adds Quotes, Background Throughout KYOTO, Japan (MNI) - Top financial policymakers from the Asia-Pacific Economic Cooperation forum on Saturday endorsed the latest Group of 20 initiative to let market forces set foreign exchange rates more and avert a race to make currencies weaker to gain ...

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