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US Dollar Remained Weak: Global Uncertainty Justifies Slower Path of Rate

US dollar has remained weak in the Asian trading session following yesterday’s speech from Fed Chair Yellen, which signalled more caution over rate hikes in the near-term. “Given the risks to the outlook, I consider it appropriate for the committee to proceed cautiously in adjusting policy,” Yellen said. Besides, she adds: “The major thing that’s […]

growth

Risk Off on Steady BoJ – Markets Eyeing US Growth and Inflation Figures Later

Monday trading was pretty uninspiring – lack of interesting data and positioning ahead of key monetary releases from the UK (Thurs) and the US (Wed), kept the markets range-trading during the EU and the US sessions. Europe stayed on the bid with the DAX up 1.15% on back of stronger than expected Industrial Production figures for […]