Yellen does not stop EUR/USD – reaches new highs

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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.

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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 the 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.

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