FXStreet (Córdoba) - The UBS team notes the USD rally should have further to go as the Fed stance is turning more optimistic.

Key Quotes



“The long awaited speech by Fed Chair Yellen at Jackson Hole turned out as a repetition of the more optimistic Fed minutes published on Wednesday”.



“After the Fed minutes we wrote that the market reaction was rather muted, compared to the positive tone of the minutes, but also that we understand that the market didn’t want to position too hawkish to prevent being caught wrong footed by a dovish Yellen”.



“As Yellen, if anything, surprised more optimistic, the USD rally should have further to go”.



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    Breakout on Tap Next Week? USDOLLAR Index Eyes Flag Top

  2. Forex News

    EUR/USD could break below the range, eyes on 1.06 – Westpac

  3. Forex News

    EUR/USD bearish below 1.0960 – UOB

  4. Forex News

    EUR/USD pushes higher, 1.0980 on sight

  5. Forex News

    EUR/USD eyes 1.0960 on EMU CPI

Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!