Janet Yellen composed her words in a more dovish tone to counterbalance the previous hawkish comments from some FED officials and a new sell off on the US dollar took the currency to a new low on the following sessions. On Friday the nonfarm payroll increased more than expected and the 0.1% higher labor force […]
The FOMC signaled a slower pace of normalization saying that interest rates will be hiked two times instead of the previous announced four times adjustment. While it seemed that the marketplace had priced fewer increases the reaction of the USD proved the contrary with the Dollar Index sharply falling to test the levels seen in […]
