Traders who played the “sell dollars every time Bernanke opens his mouth” game are paying a price as the buck rebounds across the board.
We’ve been as low as 1.4356, just above 1.4353 London lows and Asia lows of 1.4345.
Greg Ip is on CNBC saying the Fed laid out all manner of new easing strategies. He did, but to me, those were options the FOMC could take in lieu of full-scale asset purchases if the economy were to worsen. We’re at least two to three meetings away from anything happening, he explicitly told us…
