Fed's comment to pull dollar index lower: Principal Global

Kirk West, managing director Asia, Principal Global Investors, Investment Strategy says that the impact of Bernake’s comments will be good for equities. “Conditions will be good for growth assets, however, we are expecting further weakness in the dollar index,” he says

April 28, 2011 / 15:33 IST
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The US Federal Reserve kept key interest rates unchanged at 0-0.25%. Chairman Ben Bernanke on Wednesday said the US central bank would ensure a strong dollar by creating the conditions for strong economic fundamentals. The Fed also announced that it would keep US interest rates very low and is in no rush to raise short-term interest rates that have remained near zero to support the US economy.


Kirk West, managing director Asia, Principal Global Investors, Investment Strategy in an exclusive interview with CNBC-TV18 says that the impact of Bernanke
first published: Apr 28, 2011 08:40 am

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