empty
 
 

2014.06.2014:44:00UTC+00Usd Slump to Four-Weeks Lows This Week Against a Basket of Currencies Following Less-Than Hawkish fED Announcement

  • The US dollar has weakened by almost 1% this week against the euro and slumped to four-week lows against a basket of currencies following Wednesday's less-than-hawkish Federal Reserve announcement.  
  • Chair Janet Yellen announced the Fed's latest economic forecasts, which were not as positive as some in the market had positioned for, and said interest rates are set to remain low for some time yet. 
  • Yesterday's encouraging US economic data has done very little to support the US currency as investors continue to favor using the US dollar to fund more risky carry trades. 
  • However, that view could flip quickly should the situation in Iraq explode and drive up safe haven demand. 
  • Next week's euro zone economic data could also have a positive impact on the US dollar if the euro suffers a fresh sell-off.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback