Yellen keeps the dovish tone
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