Yellen keeps the dovish tone - Forex News by FX Leaders

Yellen keeps the dovish tone

Posted Tuesday, March 29, 2016 by
Skerdian Meta • 1 min read

Yellen just finished her speech at the economic club in New York. The market was hoping her to drop or to relax some of the dovish comments that we heard about two weeks ago. But she kept the dovish tone 100%. She said that the FED will be cautious adjusting the monetary policy, the rate hikes will  be very gradual and if the global economic situation worsens they might even be forced to cut the interest rates again. The US Dollar has lost nearly 100 pips against most majors.

EUR/USD has jumped nearly 100 pips on Yellen´s dovish comments

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About the author

Skerdian Meta // Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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