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Fedfacts Outweigh Fedspeak After Yellen's Remarks

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

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    After hawkish comments from some Fed members last week boosted the USD, Chair Janet Yellen brought the dollar back to earth. Sticking to the points made in the March Federal Open Market Committee (FOMC) statement and her press conference Yellen was clear in communicating it will be gradual recovery. Gradual was the keyword of her speech today before the Economic Club of New York. The EUR/USD moved higher as soon as the text of the speech was made public. The same dovish tone that had clobbered

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