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 drops to 1.0859

  2. Forex News

    USD/JPY Nears Extension Target, USD/CAD Holds Retest Level

  3. Forex News

    EUR/USD slips to 1.0880 on Greek headlines

  4. Investing

    EUR/USD Shows Real Strength to the Downside

  5. Forex News

    EUR/USD stabilizing above 1.0900

Trading Center