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Traders Beware- Bernanke and Trichet Toe-to-Toe on Monday
Keep an eye on the futures market at 8am EST on Monday because Jean Claude Trichet, the President of the European Central Bank is due to testify on monetary policy before the Economic and Monetary Affairs Committee of the European Parliament, in Brussels. The tit-for-tat rallies from global central bankers who, (all except Mr Bernanke, the Head of the Federal Reserve), want a stronger Usd. Mr B says he stands behind a Strong Dollar policy, but has not been able to make any moves to create that scenario.
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