Mars Finance News reports that the US dollar exchange rate declined in the Thursday Asian session, halting the rally from Wednesday. Concerns about the dollar potentially depreciating have reignited, surpassing the influence of US Treasury Secretary Yellen’s reaffirmation of a strong dollar policy. Damien Loh, Chief Investment Officer of hedge fund Ensemble Capital, stated that Yellen employed “strategic ambiguity” when discussing the dollar, attempting to ease market expectations of a comprehensive weak dollar policy.
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US Treasury Secretary Yellen reiterates strong dollar policy, market worries about currency depreciation
Mars Finance News reports that the US dollar exchange rate declined in the Thursday Asian session, halting the rally from Wednesday. Concerns about the dollar potentially depreciating have reignited, surpassing the influence of US Treasury Secretary Yellen’s reaffirmation of a strong dollar policy. Damien Loh, Chief Investment Officer of hedge fund Ensemble Capital, stated that Yellen employed “strategic ambiguity” when discussing the dollar, attempting to ease market expectations of a comprehensive weak dollar policy.