The early part of last week was dominated by news fromoffshore. At a major central bank conference, the FederalReserve’s Chairwoman Janet Yellen hinted that the Fedmight be preparing to raise interest rates sooner. Butwhile the US economy continues to gradually improve, theEuropean economy continues to flounder. Speaking at thesame conference, the head of the European Central Bank,Mario Draghi, hinted that the ECB is considering moves inthe opposite direction to the Fed – potentially undertakingfurther monetary policy easing to combat falling inflation.
Read the full report: FX Research