Monday, July 9, 2007

Dollar sits tight before Bernanke, yen rises

(Reuters) - The dollar was narrowly mixed on Tuesday but remained under pressure on expectations that the Federal Reserve will leave interest rates steady for some time, while other central banks are seen raising rates further.

Activity was subdued as market participants awaited comments from Fed Chairman Ben Bernanke later in the day for fresh clues about the future path of U.S. monetary policy. Bernanke will speak on inflation.


Read more at Reuters Africa

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