Slightly more optimistic Yellen pushes USD higher - UBS

By FXstreet.com | Updated August 26, 2014 AAA

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

    EUR/USD Technical Analysis: January Low Remains in Focus

  2. Forex News

    ECB: Delicate technical details - ING

  3. Forex News

    USD need not fuss about fewer bullish data surprises - Westpac

  4. Forex News

    EUR/USD Eases into 1.1150; Near Term Momentum Slows

  5. Forex News

    EUR/USD fails to hold above 1.1200

Trading Center