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Yellen Defended Low Rates

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 24, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    US Dollar Awaits GDP Data; Yellen Defended Low Rates The dollar was traded near an 8-month high against a basket of currencies on Monday, underpinned by lingering expectations the US Federal Reserve is on a good way to raise interest rates in December. On Monday, Fed Chairwoman Janet Yellen, responding to a letter received from savers calling for increase of interest rates, stated that the near zero interest rates since 2008 prevented a worse situation of the central bank.She also highlighted

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