The dollar lower against its rivals after Yellen’s statements – Investing.com Spain

Investing.com – The dollar lost positions relative to other major currencies on Wednesday after the president of the Federal Reserve, Janet Yellen, ballasted expectations about upcoming hikes interest rates in the United States.

the pair an increase of 0.20% was noted to the level of 1.1318.

in his appearance before the Economic Club of New York, Yellen said that risks to the US economy, including the fall in oil prices and raised uncertainty about the state of China, justified a cautious stance when implementing adjustments in monetary policy.

These cautious comments contrasted with the aggressive tone of recent statements by other Fed officials indicating that the bank could take action and next month to raise interest rates.

pair dropped 0.33% to 112.32 level.

the data indicate that Japan Wednesday in February recorded the largest decline since the massive earthquake and tsunami of 2011 will damage supply chain, contributing to fears that the economy is at risk of falling into recession.

on the other hand, the dollar broadly unchanged with respect to the pound, reaching the pair at 1.4385 , and fell against the Swiss franc, leaving the, by 0.29% to 0.9640.

the KOF Economic Research Agency said its February fell to a reading of 102.5 points against 102.6 the previous month, a figure that was revised upwards compared to the previous reading of 102.4.

analysts had expected the index to descend to a reading of 101.9 last month .

Meanwhile, the Australian and New Zealand dollars gained ground, advancing 0.38% torque to the level of 0.7656 and firing the 0.95% to 0.6916, five-month highs .

the pair dropped 0.20% to the level of 1.3047.

The currencies linked to commodities found support after the rebound in produced by a lower than expected increase of oil reserves registered last week.

, which follows the evolution of this currency against a basket of six other major currencies, fell 0.22% to 94.96, its lowest level since March 18.

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