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US Dollar Drops Sharply After Yellen’s Dovish Comments

FOREX FUND MANAGEMENT METTUPALAYAM, ONLINE CURRENCY TRADING IN METTUPALAYAM, ONLINE FOREX TRADING METTUPALAYAM, FOREX SCAMS METTUPALAYAM US Dollar Drops Sharply After Yellen’s Dovish Comments  FOREX FUND MANAGEMENT METTUPALAYAM, ONLINE CURRENCY TRADING IN METTUPALAYAM, ONLINE FOREX TRADING METTUPALAYAM, FOREX SCAMS METTUPALAYAM Talking Points: Fed Chair Yellen discussed headwinds to US growth Chairman Yellen affirmed Fed’s ability to revert to greater accommodation if necessary Oil prices and China were cited as risks to growth, along with wages and exports    The US Dollar dropped sharply today after Federal Reserve Chair Janet Yellen gave her thoughts on the economy with a more dovish bias than was perhaps perceived over previous months. Her outlook on the economy and monetary policy’s role within it was viewed as more cautious than other Fed members who have spoken in recent weeks. There was a familiar affirmation of the Fed’s commitment towards data dependent policy, however Yellen gave greater weight to the factors that fall further outside the direct indicators reflecting the dual mandate as they contribute to those trends over time. The central banker suggested the Fed’s consideration of recent global growth slowdowns have weighed more heavily on the outlook for the upcoming rate hike path with […]


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