US dollar started trading on Monday (3/30) today not far from position at the close of New York trading session last weekend. Chairman of US Federal Reserve Janet Yellen, ensuring to investors that it normalization of US interest rate policy, will only be gradual.
Dollar reached a 119.24 Yen on Monday today, compared with 119.11 position reached at the end of last Friday's New York session. However, USD / JPY as a whole has fallen from seven-year highs at 122.04 which is traded at the beginning of this month. Against euro, US dollar was little changed to 1.0889 position. In the past two weeks, the euro has pushed up away from the lowest level 1.0457 against the US dollar.
"I expect that current state is promising target increase the level of funding (interest rate) of the Fed at a time in this year," Yellen said in a conference held by the Federal Reserve of San Francisco area. Yellen and other policy makers in general also anticipates that a gradual rise in interest rates the Fed new possibilities will fit next few years.
According to the chief economist at High Frequency Economics, Jim O'Sullivan, in New York, Fed officials are currently being focused to keep the peace of market while preparing to begin the process. The Fed also has possibility to make adjustments if needed later, he told Bloomberg.
Source: Bloomberg, www.tradingviews.com
Dollar reached a 119.24 Yen on Monday today, compared with 119.11 position reached at the end of last Friday's New York session. However, USD / JPY as a whole has fallen from seven-year highs at 122.04 which is traded at the beginning of this month. Against euro, US dollar was little changed to 1.0889 position. In the past two weeks, the euro has pushed up away from the lowest level 1.0457 against the US dollar.
Yellen speech, Focus Calm the Markets
Janet Yellen underlines the interest rate hikes approach problems. In comments also reflect his statement at FOMC meeting on 18 March, Yellen stressed that interest rate will be increased by using a gradual approach. He added that a strict policy can be accelerated, slowed, stopped for a moment, or even scrubbed in accordance with the economic development that has actual or expected."I expect that current state is promising target increase the level of funding (interest rate) of the Fed at a time in this year," Yellen said in a conference held by the Federal Reserve of San Francisco area. Yellen and other policy makers in general also anticipates that a gradual rise in interest rates the Fed new possibilities will fit next few years.
According to the chief economist at High Frequency Economics, Jim O'Sullivan, in New York, Fed officials are currently being focused to keep the peace of market while preparing to begin the process. The Fed also has possibility to make adjustments if needed later, he told Bloomberg.
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