• USD Outlook Hinges On Bernanke Testimony, Euro Carves Lower Top

    The greenback pared the sharp decline from the previous day, with the Dow Jones-FXCM U.S. Dollar Index (Ticker: USDOLLAR) advancing to a high of 9,738, and the rebound may turn into a larger correction should Fed Chairman Ben Bernanke talk down speculation for another large-scale asset purchase program. As the central bank head is scheduled to testify in front of the House Budget Committee at 15:00 GMT, comments from Mr. Bernanke will heavily influence the USD, and we may see the chairman strike...