The Dollar Was Abandoned By The Stance Of The Fed

Ending forex trading the third day this week, the early hours of last Thursday (11/02)Janet Yellen's speech before the U.s. Congress last night responded negatively by theforex market so that the performance of the dollar had climbed in yesterday'sEuropean disesi shrunk back. In addition anjloknya the U.S. WTI oil price overnightadding to the burden of the dollar's movement.

Before the financial services Commission of the Us Congress, the Fed Governor JanetYellen reported annual monetary conditions of the country and in a speech there is a bad signal for the further expansion of interest assumed the market is still long. Yellenrevealed a rise in interest rates will be considered if the country's economic condition is worrying.

As a result market more hunting gold and the yen as safe haven assets, but against the euro and the swissfranc trading previously weakened successfully strengthenedthe action of profit taking after the previous exchange rate markets naturally increasesignificantly.

A weakening dollar is successfully raised the exchange rate of the pound and also theaussie and kiwi dollar although WTI crude oil prices weakened. Aussie and Kiwi dollaras commodity exchange managed to strengthen against the dollar due to crude oil price increase in natural type of Brent. For pound successfully strengthened despitethe United Kingdom's economic data released yesterday was disappointing.

For the conditions of the currency emerging market countries amid financial market conditions that are not conducive to this, Asean currency successfully strengthened asthe rupiah, Singapore dollar and ringgit Malaysia.