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US dollar slumps on soft stocks, quiet Yellen

From news.forexlive.com

EUR/USD leads the jump The US dollar took a quick dip after the S&P 500 opened more than 14 points lower to 2060. The bulls were looking for a hawkish hint from Yellen but she didn't talk about monetary policy. There may be trepidation ahead of the Dudley and Fischer speeches. They've both been cautious on rate hikes in the past and dollar bulls headed to the sidelines. EUR/USD made a quick move to 1.0768 from 1.0730 to lead the way. Gold also rebounded hard from the support that Greg outlined. This is turning into a rock n roll trading day. (full story)

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