Saturday, August 13, 2011

Forex Market Updates & Commentary

Forex Market Updates & Commentary

Link to Forex News and Commentary by FXDD

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Posted: 12 Aug 2011 10:23 AM PDT

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Fed’s Dudley on the Wires

Posted: 12 Aug 2011 08:12 AM PDT

Says:

  • Economy should accelerate during 2nd half
  • ‘Jury is still out’ on specific pace of future growth
  • Housing affordability not impaired in recent weeks
  • Job cuts in financial sector are ‘around edges’
  • Doesn’t expect double dip recession
  • Risk of double-dip recession increased ‘somewhat’
  • Call for balanced fiscal plan for U.S.
  • He hopes S&P downgrade will promp fiscal repair
  • S&P Downgrade a “warning shot”
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