Asian Session – US dollar continues to correct on worries about timing of Fed tightening
Posted on March 23, 2015 at 7:15 am GMTThe US dollar remained weak during Monday’s Asian trading, as euro / dollar was trading above the 1.08 mark (at 1.0810) and dollar / yen dropped below 120 to around 119.85. There were still worries that the Fed would take a more relaxed approach to monetary tightening, which reduced the greenback’s allure. This was the result of Wednesday’s Fed meeting, during which the Fed downgraded its forecasts for inflation and economic growth, while also pointing out the negative effects of [..]