US dollar currency cut-placement against major currencies in the trading session (12/11), but remained near seven-month highs after US Federal Reserve chairman, Janet Yellen, did not comment on future US monetary policy. EUR / USD climbed 0:14 percent to 1.0758 while USD / JPY appears to be stable to the 122.97 figure. GBP / USD position 1.5204, while USD / CHF fading 0:23 percent to numbers.
Various comments FOMC Officials
Fed officials busy to comment on various economic arena, including the Economic Club of New York, which was held last night with mixed sentiments.
The most highlighted is the number one speech of the Fed, Janet Yellen, who unfortunately, did not give any hints about the timing of the rise in US interest rates. Delivering a speech in the event titled Implementation Conference on Post-Crisis Monetary Policy in Washington DC, Yellen just focus on speech without giving any specific comments about the condition of the economy and plans for interest rates.
However, in contrast to the Chairman, the President of the Federal Reserve to the area of New York, William Dudley, just slightly opened by saying that it is possible for the US central bank to raise interest rates in the near future, though declined to say when would be liftoff will be executed.
"I can not tell you exactly how my policy in the future, because the future is still uncertain," said Dudley told reporters before the conference begins. Decides monetary policy, continued Dudley, is a difficult thing, especially when the economy is growing amid subdued inflation. Nevertheless, he was still convinced that an interest rate hike in the near future will give a satisfactory result.
In addition to the two officials, there are also statements from FOMC members and President of the Fed to the Chicago area, Bill Evans, and a statement from the Fed's Vice Chairman Charles Fischer. However, all of which suggests that the Fed still has not decided a definite step seen from different views that they show.
Various comments FOMC Officials
Fed officials busy to comment on various economic arena, including the Economic Club of New York, which was held last night with mixed sentiments.
The most highlighted is the number one speech of the Fed, Janet Yellen, who unfortunately, did not give any hints about the timing of the rise in US interest rates. Delivering a speech in the event titled Implementation Conference on Post-Crisis Monetary Policy in Washington DC, Yellen just focus on speech without giving any specific comments about the condition of the economy and plans for interest rates.
However, in contrast to the Chairman, the President of the Federal Reserve to the area of New York, William Dudley, just slightly opened by saying that it is possible for the US central bank to raise interest rates in the near future, though declined to say when would be liftoff will be executed.
"I can not tell you exactly how my policy in the future, because the future is still uncertain," said Dudley told reporters before the conference begins. Decides monetary policy, continued Dudley, is a difficult thing, especially when the economy is growing amid subdued inflation. Nevertheless, he was still convinced that an interest rate hike in the near future will give a satisfactory result.
In addition to the two officials, there are also statements from FOMC members and President of the Fed to the Chicago area, Bill Evans, and a statement from the Fed's Vice Chairman Charles Fischer. However, all of which suggests that the Fed still has not decided a definite step seen from different views that they show.
No comments:
Post a Comment