Yellen Remarks Strengthens Dollar – 12 July, 2017

Federal Reserve Chair Janet Yellen said that the U.S economy is ready to gradually increase rates and siphon through the Fed’s bonds. The dollar fell against the Euro after Yellen’s remarks reversed and began trading near session highs against six major rivals while government bond yields in the Euro area fell. Last month, Fed’s raised rates between 1 and 1.25 percent with a roughly 50 percent chance that interest rates will rise again before January.