US PPI release could impact on the major currencies this afternoon

Reported by FXstreet.com on Tuesday, 17 November 2009 (on November 17, 2009)

Bernanke dominated the FX day yesterday, with his comments initially giving the dollar a pop to the upside, but it did once again fall back to 15 month lows. The USD hit fresh intraday lows versus the EUR, JPY, CHF and AUD as better than expected figures from Japan fuelled optimism over the current global downturn.� Market News President Obama urged China to let their Yuan rise in value, explaining that an undervalued Yuan is putting US manufacturers at a disadvantage Bernanke repeated

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