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Augmented risk appetite after the release of optimistic comments by Federal Reserve Chairman Ben Bernanke and better-than-anticipated of US housing data has attacked tremendously the US dollar and Japanese yen again. In a arranged speech from the Jackson Hole conference of international central bankers and finance officials, Bernanke mainly delivered a outline of how the central bank has reacted to the most harsh financial disaster since the Great Depression, but the markets focused on one statement: we are “starting to appear” from a bottomless worldwide slump. He stated challenges to growth, though, as unrelenting pulls in the financial markets, “significant” further losses for financial institutions and a lack of credit supply for businesses and households are going to direct the economic revival “to be comparatively slow at first, with unemployment dropping only slowly from high levels.” In any case, the markets rejected, especially with strong housing data.
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