The Traderszone Network

Published in TZ Latest News 26 September, 2015 by The TZ Newswire Staff

The Dollar may Consolidate Before Moving Higher

The US dollar rose against all the major and emerging market currencies over the past week, save the Russian ruble, which gained about 1.5%.  Comments from several Fed officials, and most notably Yellen, drove home the message which arguably was diluted after the FOMC meeting: A rate hike this year is still the most likely scenario.  This helped bolster the greenback. 

 

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