European Session – Dollar stabilizes near 2-week lows; European stocks up sharply on Yellen
Posted on March 30, 2016 at 2:42 pm GMTEuropean equities rose sharply on Wednesday with the major indices up over 1.5% as risk appetite made a strong comeback after Fed Chair Janet Yellen signalled again yesterday that the Fed was in no rush to raise rates. Yellen’s cautious stance contrasted with those of other Fed officials who last week had increased the possibility of a rate rise as early as April. Another Fed official speaking today tried to strike a more balanced tone. Chicago Fed President Charles Evans [..]