The uncertainty of the US rescue package is still containing the market sentiment. The markets want to know what this plan contains and how effective it will be. Earlier this week Ben Bernenke has referred to the turmoil in the market and the need of buying many assets to restore the current sever conditions in the market but the market want to know this plan clearly.
The currency market hit the greenback recently on growing expectations of very negative impact of these current events on the US growth performance beside the uncertainty of this bailing out plan effect and the cost of it.
Best wishes
FX Consultant
Walid Salah El Din
E-Mail: mail@fx-recommends.com
