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17 Apr 2014
Riskier assets on the rise after dovish Yellen – Danske Bank
FXStreet (Edinburgh) - Chief Analyst Lars Christensen noted the dovish tone from Yellen’s speech benefited the risk-associated space.
Key Quotes
“All major US stock market indices ended up in yesterday’s session on the back of positive reports on the US economy in the Federal Reserve’s so-called Beige Book and fairly dovish comments from Fed chair Janet Yellen”.
“The USD has weakened overnight on the back of Yellen’s dovish comments”.
“Emerging Market stocks have also benefitted from Yellen’s dovish comments and the hopes of more Chinese economic stimulus, which at least for a day have been overshadowing the continued bad news out of (eastern) Ukraine”.
Key Quotes
“All major US stock market indices ended up in yesterday’s session on the back of positive reports on the US economy in the Federal Reserve’s so-called Beige Book and fairly dovish comments from Fed chair Janet Yellen”.
“The USD has weakened overnight on the back of Yellen’s dovish comments”.
“Emerging Market stocks have also benefitted from Yellen’s dovish comments and the hopes of more Chinese economic stimulus, which at least for a day have been overshadowing the continued bad news out of (eastern) Ukraine”.