{"id":87402,"date":"2016-03-30T06:33:08","date_gmt":"2016-03-30T10:33:08","guid":{"rendered":"http:\/\/countingpips.com\/?p=87402"},"modified":"2016-03-30T06:33:08","modified_gmt":"2016-03-30T10:33:08","slug":"dollar-weakens-after-dovish-yellen-dims-rate-hike-hopes","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/03\/dollar-weakens-after-dovish-yellen-dims-rate-hike-hopes\/","title":{"rendered":"Dollar weakens after dovish Yellen dims rate hike hopes"},"content":{"rendered":"<div id=\"inves-873659433\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">March 30, 2016<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>Article by <a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/p>\n<p>The US dollar weakened after Federal Reserve Chair Janet Yellen gave a dovish speech at the Economic Club of New York on Tuesday.<\/p>\n<p>Yellen gave a cautious tone with regards to rate hikes and highlighted external risks including low oil prices and slower growth abroad. Her remarks contrast those of several other Fed policy makers who spoke more hawkishly last week and who supported more rate hikes this year. Yellen\u2019s stance left markets to rule out a rate hike in the April Fed meeting.<\/p>\n<p>USDJPY fell right after Yellen spoke and reached 112.60 by the end of the US session and continued lower in Asia to a low of 112.40. The pair moved further away from a nearly two-week high of 113.805 touched on Tuesday.<\/p>\n<p>The weaker dollar helped the euro ad the pound, as well as the Australian dollar.<\/p>\n<p>EURUSD traded at $1.1293, after rising to as high as $1.1303 overnight, within sight of this month\u2019s peak of $1.1342 set on March 17.<\/p><div id=\"inves-3909880350\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<p>GBPUSD broke above $1.4400 overnight, pulling further away from a seven-year trough of $1.3836 set on February 29, as the market put aside \u201cBrexit\u201d jitters for now. It was last steady at $1.4374.<\/p>\n<p>AUDUSD was back above the key $0.7600 level at $0.7624, within sight of an 8-1\/2 month peak of $0.7681 set on March 18.<\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-54242 alignleft\" src=\"http:\/\/countingpips.com\/articles-analysis\/wp-content\/uploads\/2014\/07\/Forex-Time-Logo.png\" alt=\"Forex-Time-Logo\" width=\"262\" height=\"90\" \/><strong>Article by <span style=\"text-decoration: underline;\"><a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/span><\/strong><\/p>\n<p><strong>ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 <a href=\"http:\/\/www.forextime.com\" target=\"_blank\">www.forextime.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Article by ForexTime The US dollar weakened after Federal Reserve Chair Janet Yellen gave a dovish speech at the Economic Club of New York on Tuesday. Yellen gave a cautious tone with regards to rate hikes and highlighted external risks including low oil prices and slower growth abroad. Her remarks contrast those of several other [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-87402","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/87402","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=87402"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/87402\/revisions"}],"predecessor-version":[{"id":87416,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/87402\/revisions\/87416"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=87402"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=87402"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=87402"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}