lol eur/usd downtrend?? where?
US Dollar Unmoved by Yellen Speech, EUR/USD Downtrend Still Valid
The US Dollar was steady against the Euro and other majors Wednesday as Federal Reserve Chair Janet Yellen made one of her last public speeches from the helm of the central bank. Speaking at the Stern Business School in New York, Yellen said that the Fed was “reasonably close” to its goals and should keep raising interest rates gradually. She spoke a day after announcing her retirement, which is expected to take effect in February 2018. Yellen said that raising rates was key to dealing with any potential future negative economic shock, but that doing so too slowly risked over-tightening the labour market. She ... (full story)