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[HiWayFX]

Janet Yellen maintains outlook for Fed rate hikes in 2015

Speaking at an event in Cleveland late Friday Federal Reserve Chair, Janet Yellen reiterated on her outlook for increasing the Fed Funds rate in 2015. Yellen's speech comes a few days after the Federal Reserve released its meeting minutes from June which did not offer much clues, besides the point that the financial markets were in a period of uncertainty surrounding Greece and the Eurozone. Yellen remained upbeat on the US economy noting that it would be "appropriate to hike rates at some point this year".



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[HiWayFX]

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[HiWayFX]

Euro Shows Sign of Breaking Down After Greece Deal

We've written that Greece leaving the Euro could have the opposite effect on the currency by making it go up after a knee-jerk reaction, but the opposite is also true in the case of a deal where Greece stays in the Euro. In this case EUR/USD would have room to fall, breaking months of consolidation while markets were anticipating a conclusion.

- See more at: https://goo.gl/0zSGLI

 

[HiWayFX]

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