Treasury pulse

Global Foreign Exchange Market

However, the dovish US Federal Reserve chairman Janet Yellen disappointed USD bulls again in the later part of the week. She reassured markets that the Fed was not bringing forward US rate hikes because it still had work to do to achieve its dual mandate. Yellen is working to restore investor confidence hurt by her earlier comment that “considerable period” meant that the Fed would wait six months or so after the last taper before it starts hiking rates.