Fisher vs Yellen: Up and down for the Dollar; EUR/USD at 10-day lows

Mauricio Carrillo Witbrew

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.

Author

Mauricio Carrillo

Witbrew

Mauricio is a financial journalist, senior content strategist, and inter-markets analyst with over ten years of experience in stocks, forex, commodities, and cryptocurrencies.

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