[COLOR="#0000FF"]Flash: USD modestly weak on Yellen – BTMU
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FXstreet.com (London) - Lee Hardman, Currency Analyst at The Bank of Tokyo-Mitsubishi UFJ notes the performance of the dollar index.
Key Quotes:
"The US dollar has continued to weaken modestly in the Asian trading session
with the dollar index falling back towards support from its 55-day moving
average which comes in at 80.55".
"Over the last two years the dollar index has traded largely within a narrow range between the 78.00 and 84.00 levels, with the US dollar continuing to lack clear direction against the other major currencies in the near-term".
"Fed Chair-elect Janet Yellen’s dovish tone at last week’s testimony before the Senate Banking Committee is still weighing modestly upon the US dollar in the near-term".
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Nov 18,2013
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