Hurricane Katrina

Next Stop: Irene

August 26, 2011

Chairman Bernanke’s predictable speech proved not to be a major market event.  Equities, gold, and bond yields rose afterward in a sign of some relief about future risk.  Consistent with those moves, the dollar fell against the euro, which at 16:50 GMT was hovering just below $1.45 versus a 2011 high so far of $1.4939.  […] More