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The dollar lost ground against both the yen and the euro in the wake of the words of the chairman of the Federal Reserve, Janet Yellen, who has shown a degree of caution about the trend of future increases in interest rates. "Existing risk data for the economic outlook, I believe it is appropriate for the Committee to proceed in a cautious manner in adjusting" monetary policy, said Yellen, however, does not provide details about the timing of subsequent increases the expected rates for the 2016.…
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Pound at minimum 15-month low against the euro
The pound falls to a minimum 15-month low against the euro on Thursday, the uncertainty for the future of the United Kingdom in the European Union continues to weigh on the currency.
EUR / GBP hit the maximum of 0.7946, the highest since December 2014, and remaining at 0.7927.
Since yesterday in exactly three months in the referendum of June 23, with which the country will choose whether to remain part of the EU or not.
The last ICM poll on referendum released yesterday revealed that 43% of thos…
EUR / GBP hit the maximum of 0.7946, the highest since December 2014, and remaining at 0.7927.
Since yesterday in exactly three months in the referendum of June 23, with which the country will choose whether to remain part of the EU or not.
The last ICM poll on referendum released yesterday revealed that 43% of thos…
Strong dollar in the wake of the hawkish Fed
The dollar strengthened in the wake of the advanced hawk comments from several Federal Reserve officials who have reignited the debate about the future trend of increases in interest rates by the Central Bank. Some members of the Fed, in fact, highlighted the likelihood of an increase in short-term rates. For example, the president of the St. Louis Fed, James Bullard, said that a rise in April remains a possibility. However, the greenback has not been able to gain further strength given the relu…