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Fed Chairman's Testimony Spooks Markets

Posted 07-22-2010 at 08:51 AM by DailyFX

Cautious language from Federal Reserve Chairman Bernanke sent risk sentiment reeling on Wednesday. While US rate hike expectations continue to deteriorate, markets are pricing in significant monetary tightening elsewhere, with the US Dollar caught between the opposing forces of risk aversion and a lackluster yield profile.



United States Federal...
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