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EUR/USD: FED's Yellen smashed the greenback in its speech

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

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EUR/USD FED's Yellen smashed the greenback in its speech at the Economic Club of New York, in where she reiterated its previous ultradovish stance when it comes to the US economic policy. Among other things, the FED Chair mentioned that they must proceed with caution with rate hikes and regarding inflation, explained that it is too early to see if the recent pickup in core inflation “will prove durable.” Also, she added that the FED has "considerable scope for stimulus if needed," erasing any

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