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Yellen appears concerned and less bullish, Dollar's outlook takes a blow

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 11, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    General market theme Janet Yellen’s testimony to the House committee was the event that everybody focused on for the past week and for good reason. Since the beginning of the year the volatility in the financial markets and the slowdown in global demand has led many to doubt whether the Fed will remain firm on their initial plan of continuing to hike interest rates higher. We remind our audience here that their initial agenda included 3-4 more hikes within 2016 hence the strength in the Dollar

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