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Forex in 60 Seconds: Fed's Bernanke Turns Bearish, US Dollar Faces ISM Services on Thursday

Wednesday, 02 April 2008 20:45:25 GMT

Written by Terri Belkas, Currency Analyst

 ·          Fed Chairman Bernanke issues bearish comments on economy, including expectations for a "slight contract" in H1 2008
 ·          Long-term EUR/USD bias remains to the upside, but additional US Dollar gains may be in store this week...

Stories to watch on DailyFX

·          What will move the markets this week? Check out our Top 5 Events. Next up: ISM Non-Manufacturing
·
          
Can you use the forex markets as a leading indicators for stock markets? Yes! Find out how to Use Currencies to Time Equity Movements

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