View full page at forexfactory.com

 

Yellen’s Dollar Rally Gives Relief to Peers From Tokyo to Sydney

From bloomberg.com

Federal Reserve Chair Janet Yellen’s popularity must be soaring among her global central bank peers. The dollar has surged against other developed-market currencies, reaching an almost eight-year high versus the yen, since the end of last week when Yellen said she expects to raise interest rates this year for the first time since 2006. By contrast, central banks in Japan and Europe are pursuing currency-depreciating stimulus to spur inflation, while policy makers from Australia to Canada say they want lower exchange rates to bolster economic recovery. “A number of central banks around the world would view the recent ... (full story)

Story Stats

  • Posted:
  • Category: Breaking News