Forex News – Janet Yellen’s 2-day testimony boosts dollar to near 1-month high
Posted on July 17, 2014 at 1:42 pm GMTThe semi-annual testimony of Fed Chair Janet Yellen on monetary policy was an interesting event that helped to clarify the Federal Reserve’s views on the economy and interest rates going forward. The appearances over two days of Yellen first before the Senate and secondly before the House of Representatives, gave some very useful insights into the Fed’s thinking. Firstly, the most important message for markets is that the Fed remains convinced that loose monetary policy is still appropriate, in that [..]