The dollar slumped Thursday after Bernanke’s dovish remarks “forced markets to cut bullish bets on the greenback as they reassessed when the U.S. central bank was likely to start withdrawing stimulus,” Reuters reports.
“It does seem like a bit of an over-reaction. Having said that, it’s a bit surprising, all of a sudden, the change in the tone of Bernanke, so it’s a whole new world all of a sudden,” said Bart Wakabayashi, head of forex at State Street Global Markets in Tokyo, in the article.
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