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The greenback returns to its pre-NFP levels as NY Fed President Dudley puts the kibosh on all...

The greenback returns to its pre-NFP levels as NY Fed President Dudley puts the kibosh on all the loose talk about tighter monetary policy. Bonds settle down as well, the yield on the 10 year returning to 3.46% from 3.51%, the 2 year at 0.84% from 0.88%.
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Comments (2)
  • Barry Crocker
    , contributor
    Comments (454) | Send Message
     
    Dudley was today's floor. It was looking touch and go there for a while.
    1 Apr 2011, 11:28 AM Reply Like
  • tadpole76
    , contributor
    Comments (164) | Send Message
     
    I think more was read into Dudley's "dud" of a comment (pun intended) than what should have been. He simply said QE2 will complete. He said nothing about interest rates or expectations for future hikes. A hike by the end of the year sounds reasonable as long as they recovery continues at current pace.
    1 Apr 2011, 01:03 PM Reply Like
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