By Scott Andrews
USD index 05 05 2021
The US dollar retested 91.30 over night on the back of Janet Yellen’s comments on interest rates needing to rise modestly given the large government stimulus spending being undertaken. Overall these comments had a more dramatic impact on the equity markets with a distinct risk off mood present, in particular the NASDAQ was down nearly 2% showing the jitters investors have with growth stocks still.
Looking into more details on this economic forum that Yellen presented at it becomes clear that more explanation is given and she adds no urgency is present on this matter and the Federal Reserve has tools in place to deal with higher inflation in due course.
This back step in Yellen’s interest rates comments was illustrated in the price action as price held in it’s current range and didn’t move beyond 91.30. No current trade is on personally as I’d like to see tonight’s session and whether we see a flip back to risk on which would help move the US dollar lower. See more articles on the latest Forex news and analysis at www.forextradingasia.com
편집됨
면책 조항: 본 게시글에 표현된 견해는 전적으로 작성자의 견해이며 Followme의 공식 입장을 대변하지 않습니다. Followme는 제공된 정보의 정확성, 완전성 또는 신뢰성에 대해 책임을 지지 않으며, 서면으로 명시적으로 언급되지 않는 한 해당 내용을 기반으로 취해진 어떠한 조치에 대해서도 책임을 지지 않습니다.
더 오래된 의견은 없습니다. 소파를 가장 먼저 잡으십시오.