The dollar fell to the lowest level since September on the statements of Yellen

The dollar fell to the lowest level since September on the statements of Yellen


Moscow. July 13. INTERFAX.RU – the Rate of the U.S. dollar against 10 other major currencies on Thursday fell to its lowest level since September on the statements of the head of the Federal reserve system (fed) Janet Yellen on inflation in the country.

The Euro against the US dollar by 8:46 Moscow time on Thursday to $1,1444 compared to $1,1412 at the close of the previous session.

The dollar/yen is trading at the level of 113.02 yen 113,17 against the yen on the eve of the Euro against the yen rose to a 129,34 yen compared to 129,14 yen at the end of the previous session.

Before Yellen, speaking in the House of representatives, said that “there is uncertainty as to how and to what extent will inflation react” to changes in the U.S. economy.

These words were perceived by the market as evidence of the cautious stance of the leadership of the fed to issue about raising rates.

“The tone of Yellen was more “dovish”, which is logical, given the weakening of growth in consumer prices in the country,” said an analyst with Canadian Imperial Bank of Commerce Bipan Rai.

On Thursday, Yellen will testify before the Senate banking Committee.

Meanwhile, the pound sterling rises in price against the dollar by 0.1%. Previously a member of the Committee on monetary policy (MPC) of the Bank of England Ian McCafferty said that he was more inclined to a more rapid than expected by the market, reducing the incentive programs of the Central Bank.

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