Fisher vs Yellen: Up and down for the Dollar; EUR/USD at 10-day lows
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Yellen's remarks at the Jackson Hole Symposium resulted in a market shake.
Yellen said:
"I believe the case for an increase in the federal funds rate has strengthened in recent months"
The market took that as a signalg that the economy is closer to FED's employment and inflation goals
So, investors believed that the Fed would hike rates in December…
But then, Stanley Fisher said that Yellen comments are consisten with a hike in September
And the market bought the Dollar back.
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