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Yellen does not stop EUR/USD – reaches new highs

Janet Yellen speaks in London. It is her first public appearance since the hawkish hike two weeks ago. Given falling inflation and mixed messages from Fed officials, some were asking: will the Fed really raise rates again?

This is not a prepared speech but rather a conversation. She is speaking on a wide variety of topics: models, banking, etc. There is no direct mention of inflation or the next rate hike at the time of writing.

Nevertheless, EUR/USD continues higher, reaching a new high of 1.1337. From here, the pair is not really going anywhere, just staying around the highs.

Markets have been on the move already earlier.

Yohay Elam

Yohay Elam

Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.