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Fed Chair Yellen Leads Dollar Bounce, but What's Next?

Fed Chair Yellen Leads Dollar Bounce, but What's Next?

2014-02-11 15:35:00
David Rodriguez, Head of Product
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Video Summary: Fed Chair Janet Yellen delivered prepared commentary that led a Dollar bounce. But does it mean a sustained move higher? Here’s what we’re watching.

- Dollar clings onto pivotal support versus Euro, Yen following Fed Chair commentary

- Forex markets remain quiet, but is low EURUSD volatility a good thing?

- Keep a close eye on financial markets as Emerging Market troubles haven’t disappeared

Follow any updates on the US Dollar and other currencies via this author’s e-mail distribution list.

Forex Correlations SummaryView forex correlations to the S&P 500, S&P Volatility Index (VIX), Crude Oil Futures prices, US 2-Year Treasury Yields, and Spot Gold prices.

forex_Janet_Yellen_Commentary_and_effects_on_US_Dollar_body_Picture_5.png, Fed Chair Yellen Leads Dollar Bounce, but What's Next?

Data source: Bloomberg. Chart source: R SEE GUIDE ON READING THE ABOVE CHART

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com David specializes in automated trading strategies. Find out more about our automated sentiment-based strategies on DailyFX PLUS.

Contact and follow David via Twitter: https://twitter.com/DRodriguezFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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