Greenback Trades Mixed as Rate Hike not on Immediate Horizon
Posted: Sun Apr 17, 2016 7:43 pm
The USD has traded mixed since the March 16 FOMC statement and subsequent dovish speech from Yellen. Overall, these dovish Fed communications have increased the time expected before the next rate hike and therefore have pushed the dollar lower.
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During April, the USD traded mixed across the board, with further weakness seen against the yen but overall most major pairs remained within a range. The USD is likely to trade in a mixed or neutral fashion ... (read more)