On Monday evening, Bernanke reiterated the Federal Reserve’s commitment to contain inflation, driving the US dollar higher in what would otherwise have been a quiet Asian trading session. Over the past 24 hours,the US government has come out with all guns blazing as US Treasury Secretary Paulson, Federal Reserve Governors Geithner and Fisher have commented [...]

Posted in Bernanke, Intervention, US Dollar, paulson 2 Comments »

Is intervention in the US dollar possible?
Well anything is possible in this world, but despite jawboning by Bernanke and Paulson, I do not expect physical intervention in the dollar by the US government.
The last time that the Federal Reserve intervened in the currency markets was shortly after the launch of the Euro. [...]

Posted in Bernanke, dollar intervention, paulson 2 Comments »