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So What Happened to Super-Dollar? -- March 29, 2015

So What Happened to Super-Dollar? -- March 29, 2015

5 Years ago | March 29, 2015 00:00:00

News Doesn't Favor a Change
There appear to be several items at work that have undermined USD strength. On March 18 the Federal Reserve removed the key word "patient" from its policy statement. However, in her press conference afterwards, Fed Chair Yellen left the markets with doubts about the future strength of the U.S. economy and a tightening policy bias after the central bank lowered its growth and inflation forecasts from earlier this year and changed the emphasis of policy to raising the inflation rate back to its target level. This means that employment is no longer its primary target and a rate hike is not imminent. It will take more time to raise pri

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