Yellen pushed the greenback higher and so did the data. Initially. The strength did not last too long. What’s next? Here is their view, courtesy of eFXnews: Today’s siren song in currency markets is of upcoming Fed hikes, with many investors being lured into bullish dollar positions. Admittedly, the dollar has bounced on yesterday’s hawkish [...]
The post USD: After Fed Yellen’s Testimony: Staying Bearish And Looking To Sell Rallies – Nomura appeared first on Forex Crunch.
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