No additional losses for the dollar on soft Yellen comments
EUR/USD didn’t show a clear trend yesterday. EMU Q3 GDP data didn’t support the euro. At the same time, investors were cautious on the dollar ahead of the Yellen hearing. The upcoming Fed chairwoman was soft as expected, but didn’t cause further dollar weakness. USD/JPY profits from the risk-on trend, while sterling ignored poor retail sales.
Read the full report: FX Daily
KBC