Yellen remains the focus - Scotiabank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 8, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Analysts at Scotiabank explained that investors have their attention on Chair Yellen’s congressional testimony Wednesday.

    Key Quotes:

    "Markets remain reluctant to re-price very low expectations for additional Fed rate increases this year amid growth concerns and market volatility and will be looking for some guidance from the Fed chair.
    Central bankers typically look through market volatility as something that has little lasting impact on growth trends."

    We still rather favour fading broader USD weakness.
    For more information, read our latest forex news.

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