Market Analysis: 6 March 2017

by Christala Parmaxi, CFTe Overview Despite the overall hawkish tone of Janet Yellen’s speech on Friday, the US Dollar was driven lower against almost all of its major counterparties afterwards. The chairwoman said that if the economic data continues to evolve in such good way, then a March rate hike would be appropriate. The Vice Chairman Fisher also supported indirectly a March rate hike giving hints that he would likely be voting for it. According to those comments, the Fed Funds Futures are currently giving a likelihood of 80% of a rate......

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