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27 Feb 2014
Flash: USD could be supported on Yellen speech - Danske Bank
FXStreet (Barcelona) - Lars Christensen, Chief Analyst at Danske Bank comments that yesterday the US Dollar appreciated across the board as better than expected US Housing data supported the view that the Fed will continue tapering throughout 2014 and as new EM jitters spurred safe haven buying.
Key Quotes
“EUR/USD is once again back below 1.3700 and with growing expectations that the ECB will ease monetary policy as early as March, the peak in EUR/USD might have been seen for now.”
“Today the market will follow the testimony from Yellen to see if there are ay new policy signals in light of the weaker than expected US data. If she continues as planned, a bit more support to the USD could be expected.”
Key Quotes
“EUR/USD is once again back below 1.3700 and with growing expectations that the ECB will ease monetary policy as early as March, the peak in EUR/USD might have been seen for now.”
“Today the market will follow the testimony from Yellen to see if there are ay new policy signals in light of the weaker than expected US data. If she continues as planned, a bit more support to the USD could be expected.”