Tag: Janet Yellen

Market Analysis: 2 March 2017

by Christala Parmaxi, CFTe Overview The US Dollar surged against almost all of its major counterparties, boosted by US President Donald Trump’s speech and FOMC members’ monetary policy commentary. The only currency that managed to close Wednesday higher against the greenback was the Australian Dollar. The New York Fed President Dudley usually maintains a neutral tone on his policy commentary, however during his speech on Tuesday he stated that a rate hike has become “a lot more compelling”. Moreover, FOMC members Williams and Bullard also supported the need and the increased likelihood......

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