Yesterday on a whole saw a calmer day on financial markets and with the major currencies, though still somewhat choppy, remain well within familiar ranges. Overall, markets continue to look ahead to Friday’s speech by Fed Chairman, Ben Bernanke with speculation about whether or not he will use the opportunity to raise the prospect of further quantitative easing.
While, against this background, there is a reluctance to place large bets, the dollar initially had a somewhat weaker tone yesterday, with the main gainers commodity currencies such as the Australian and …
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