exllon
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mmg cantik menarik dan mmg da boom..
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25 Aug 2011
COMMENTARY
Dollar holds gains amid speculation before Bernanke speech, German data
The dollar gained against the majority of its most-traded peers amid speculation on what steps Federal Reserve Chairman Ben S. Bernanke will outline today to stimulate the U.S. economy. The greenback advanced as investors bet on whether Bernanke will signal a willingness to consider a third round of bond purchases, or QE3, when he delivers a speech at Jackson Hole, Wyoming as reports showed U.S. growth maintaining momentum. I’d have a bias toward more U.S. dollar buying as I just don’t see Bernanke as coming out and delivering anything too dramatic on the QE3 front,” said Mike Burrowes. “There’s a bit of a battle going on between risk sentiment and a reassessment of QE3.” Bernanke told Congress in July the Fed’s options to bolster the economy include increasing the average maturity of its bond portfolio and cutting the interest rate on excess reserves, as well as buying more debt and keeping rates low.
HEADLINE NEWS
[*]Nasdaq-100 futures retreat after Jobs resigns
[*] Orders for durable goods in U.S. increase 4%, twice as much as estimated
[*] Home prices in U.S. declined 5.9% last quarter on year, rose 0.9% in June
[*] China’s stocks rise on earnings growth, U.S. economic data
[*] ECB can ease dollar-market tensions if necessary, Bundesbank official says
[*] Gold may rebound from biggest drop in 18 months on demand for haven assets
BENCHMARK CURRENCY RATES - GAINERS & LOSERS
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