USD's Strength on Speculations of Tapering Fed's QE Sent Risky Assets Lower

Fed Chairman Bernanke's testimony to the Joint Economic Committee of Congress was the reason for the rollercoaster trading in the US dollar. Bernanke's comments were generally dovish and sent the USD lower but a reversal was seen when the Chairman stated that tapering might be considered if US economic indicators show improvements.

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USD's Strength on Speculations of Tapering Fed's QE Sent Risky Assets Lower