May 13, 2011
Dollar Finds Friends As World Realizes Bernanke Was Right (Andrew Wilkinson, 5/13/121, Forbes)
A tame inflation report helped the dollar recoup overnight losses heading into the data although it remains weaker on the day while higher on the week. [...] [T]he dollar has found its wings as the still rising ascendancy of the Fed’s view that inflation won’t gain traction when caused primarily by transitory factors. It could be said that the world’s best hope of winning the battle against inflation comes from a reversal in the dollar’s multi-year weakness as more and more central bankers figure out that Bernanke & Co. had it right all along.
Posted by oj at May 13, 2011 3:31 PM
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