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The future strength of the GREEENBACK is in Yellen's hand!

Posted on April 15, 2014 at 10:32am 2 Comments

In North America today the market will get a look at the CPI and Empire data, but the highlight of the session may be the speech by Janet Yellen. who is scheduled to speak at the Atlanta Fed's annual Stone Mountain conference. If Ms. Yellen continues to downplay the prospect of interest rate hikes in 2015, the greenback may see further weakness with EUR/USD possibly rebounding to 1.3850 while cable could recapture 1,6750.

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