MW: U.S. dollar slips; Bernanke hints at more stimulus
By Sue Chang
SAN FRANCISCO (MarketWatch) -- The U.S. dollar weakened against major competitors on Wednesday after Federal Reserve Chairman Ben Bernanke said the central bank is exploring several "untested means" to support growth if economic conditions deteriorate further. The dollar index DXY -0.86% , which measures the greenback against a basket of of six major currencies, slid to 75.407 from 75.589 earlier. The euro , meanwhile, strengthened to 1.412 from $1.407 before Bernanke's speech. Bernanke, in remarks prepared for the House Financial Services Committee, said there are multiple approaches to further easing, including the Fed extending more "explicit guidance" to the pledge that rates will stay low for "an extended period."
