US Session – Dollar pauses decline as markets digest news of Summers exit from Fed Chair bid
Posted on September 16, 2013 at 7:21 pm GMTIn the U.S. session on Monday,currency markets continued to focus on the news surrounding the exit of former Larry Summers from his bid for the Fed Chair. Of course his withdrawal now fuels speculation that the next frontrunner is Janet Yellen who unlike Summers, is more supportive of Bernanke’s quantitative easing measures. Summer was a critic of quantitative easing so a more dovish Yellen brings forth a view that the Fed will not put an early end to its accommodative [..]