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25 Feb 2015
USD extends further losses in US shift - FXStreet
FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet explained that the American dollar edged lower against most of its rivals.
Key Quotes:
"...extending its losses in the second day of Janet Yellen's testimony before the Senate, reiterating what the market already knew that is that no rate hike should be expected at least for the upcoming couple of meetings."
"Also this Wednesday, the ECB President gave his Annual Report before the European Parliament, and said that monetary policy can't create growth by itself, while extraordinary measures have been taking. Once again, nothing new was brought to the table."
"In the US, Sales of new single-family houses in January 2015 were at a seasonally adjusted annual rate of 481,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development."
Key Quotes:
"...extending its losses in the second day of Janet Yellen's testimony before the Senate, reiterating what the market already knew that is that no rate hike should be expected at least for the upcoming couple of meetings."
"Also this Wednesday, the ECB President gave his Annual Report before the European Parliament, and said that monetary policy can't create growth by itself, while extraordinary measures have been taking. Once again, nothing new was brought to the table."
"In the US, Sales of new single-family houses in January 2015 were at a seasonally adjusted annual rate of 481,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development."