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US dollar slumps on soft stocks, quiet Yellen

Discussion in 'Market News' started by ForexLive, Nov 12, 2015.

  1. ForexLive

    ForexLive Forum Member

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    EUR/USD leads the jump The US dollar took a quick dip after the S&P 500 opened more than 14 points lower to 2060. The bulls were looking for a hawkish hint from Yellen but she didn't talk about monetary policy. There may be trepidation ahead of the Dudley and Fischer speeches. They've both been cautious on rate hikes in the past and dollar bulls headed to the sidelines.

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