Asian Session – Dollar stalls ahead of Yellen and Draghi speeches
Posted on August 22, 2014 at 6:50 am GMTThe dollar is on track to make weekly gains versus most major counterparts although its rally has stalled ahead of a speech by Federal Reserve Chair Janet Yellen at Jackson Hole later today. Cautious investors took the opportunity to book some profits ahead of this risk event and this resulted in the dollar easing slightly today. A dovish tone from Yellen would be likely negative for the greenback. If Yellen is less dovish and indicates the Fed is willing to [..]