23rd August 2011
Markets are relatively quiet this week as we await Friday when Mr Bernanke will give the keynote speech at the annual meeting of central bankers at Jackson Hole in Wyoming. The chairman is widely expected to discuss further stimulus for the US economy.
The fresh stimulus package would mean that the US would have to print more money to boost liquidity in the markets, which in turn could see the US currency weaken further. The US is depserate to try anything to kick start a very depressed economy and further to stop the chance of double dip recession.
All eyes to Friday.
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