TravelEx - 25 August 2008 Monday

>> Dollar

"The greenback briefly trimmed gains against the euro in a knee-jerk reaction to Federal Reserve Chairman Ben Bernanke's comments that a stable dollar and falling commodities should help slow inflation this year and next. Bernanke's remarks at an annual Fed symposium in Jackson Hole, Wyoming, prompted analysts to reduce expectations of a U.S. interest rate increase this year, which could diminish the dollar's appeal to investors. However analysts said even without an interest rate hike this year, the dollar would probably continue to recover. "

Summary: Up/Probably Short-Term Volatile, Time Frame: Many Months, Remark: Quiet Turn arounds is always the most profitable, and also the most easy to misjudge. Ensure your Risk Management is in place, and get out if its a mistake.

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