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APAC Currency Corner: Yellen Edition

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 30, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Dr. Yellen’s speech delivered to the New York Club was titled, “The Outlook, Uncertainty and Monetary Policy”, and unlike last week’s ensemble of Hawkish Fed officials, she was decidedly more dovish and arguably more dovish than even at her post-FOMC press conference in March. Needless to say, Dr Yellen’s speech was the major driver in Foreign Exchange Markets, and we’ve seen a broad selloff on the USD on the back of this aggressively dovish forward guidance as traders aggressively scaled back

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