IPFS News Link • Currencies
Dollar Falls Before Fed Considers Added Monetary Stimulus
• http://www.bloomberg.com, By Allison Bennett“You’re starting to see a slight divergence appear in thecurrency markets, as the Chinese data remained quite favorable,” said Nick Bennenbroek, head of currency strategy atWells Fargo & Co. in New York. “Despite what is happening in Italy, markets are still relatively calm. People are looking ahead to the Federal Reserve this week, which should be an event that is positive for risk and negative for the dollar.”