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bernanke nomination and the u.s. dollar

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    just a passing thought but with Ben Bernanke getting the nod from the senate banking committee today will we now see the u.s. dollar sell-off & gold rise ?

    just that i dont buy the Greek default story as giving credence to a rallying u.s. dollar. i see u.s.dollar strength as a rallying cry to book Bernanke another term.


    http://online.wsj.com/article/SB126105856288895461.html?mod=WSJ_hpp_MIDDLENexttoWhatsNewsForth


    The Senate Banking Committee backed Federal Reserve Chairman Ben Bernanke Thursday for a second term, sending his nomination to the full Senate for what is expected to be a fiery debate next month.

    The panel backed Mr. Bernanke for another four-year term by a 16-7 vote.
 
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