Flash: Bernanke was slightly Dovish at Congress - Danske

FXstreet.com (Barcelona) - Danske Bank analysts note that Bernanke was slightly dovish when he delivered his semi-annual testimony to the Congress yesterday.

Key Quotes

"Bernanke repeated that purchases can go up if needed and said again that financial conditions have tightened recently. He also expressed concern about the impact on growth from fiscal tightening."

"These factors could potentially be a trigger for pushing tapering until the end of the year. While the main scenario is that the Fed will start tapering later this year, the timing remains somewhat open."

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