International News
EUR/USD traded within a 100 pip range, to post a low of 1.1165, from opening at 1.12658. The single currency did weaken slightly to the surge of the greenback during Yellens' testimony as the dollar bulls dissected the details of the meeting. This morning it opens at 1.1302
Dollar news remained the dominant theme of currency markets this week. She made a point of suggesting that plunging stock markets, falling commodity prices on emerging market currencies and financial market volatility would force the FED to adopt a cautious wait and see policy ahead of the March rate hike [...]
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