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EUR/USD: Yellen nails dollar's coffin

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 29, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EUR/USD Current Price: 1.1298 View Live Chart for the EUR/USD The American dollar plummeted after the Federal Reserve Chair Janet Yellen said that U.S. central bankers should be cautious in raising interest rates, and that, in spite core inflation seems to be rising, is yet to see if the latest recovery "will prove durable." She also added that the FED has "considerable scope for stimulus if needed." A dovish tone from Yellen should not have came as a surprise, but it was, given the hawkish

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