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Home >> Stock Forums >> Yen falls as calm comes back to Forex

Yen falls as calm comes back to Forex

AlfredSokol said: "The forex markets are seeing a return of calm as the [url=http://www.hemscott.com/news/latest-news/item.do?newsId=48500918682034]world markets[/url] settle in after a calming talk by Ben Bernanke [quote] Bernanke said that he was 'absolutely' prepared to use all the tools at his disposal to address the credit crisis in the US financial system, according to Senator Chris Dodd, chairman of the Senate banking committee. Dodd reported Bernanke's comments to the press after a closed-door meeting with Bernanke and Treasury Secretary Henry Paulson. The comments appear to have gone some way towards calming investors' nerves with US equities closing up and Asian markets relatively stable overnight. This has weighed on the yen as the slight dip in risk aversion sees some investors selling low-yielding safe-haven currencies such as the yen and swiss franc.[/quote] The calm is not expected to last long."