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Forex in 60 Seconds - US Dollar Up Ahead of Fed Decision, Will Bernanke Disappoint?

Monday, 04 August 2008 23:19:09 GMT

Written by Terri Belkas, Currency Strategist

 ·          US data was broadly bullish today, leading the greenback higher versus the British pound and Japanese yen.
 ·          Central bank meetings abound - RBA meets tonight, Fed meets tomorrow - both are expected to leave rates steady.

Stories to watch on DailyFX

·          How will the Federal Reserve's meeting impact the US dollar on Tuesday?
·          What else could move the markets? Find out the top 5 economic events for the forex market this week.

Send any comments or questions to tbelkas@dailyfx.com

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