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Forex Trading News: USD Drops On Bernanke's Grim Housing Outlook

Posted by Mr. Danish FX on Tue, 05/06/2008 - 1:42am in

Despite better than expected ISM data, the USD has continued to drop vs. its counters as the Asian shift rolls on.  Today, FED Chairman Bernanke said "home prices declines could affect the real economy and markets".  He followed, "Foreclosures are likely to rise in 08 vs. 07". 

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