Janet Yellen gives Forex traders green light to take the dollar lower

Janet Yellen just gave Forex traders the green light to take the greenback lower. In her comments to the media yesterday she said this:

“I think we have seen that it’s had a negative effect on net exports and so served as a something of a drag on the economy, and probably that drag is going to continue for some time to come,” 

I am betting that the markets take this as a sign to push the dollar lower. We are already seeing it this morning, with dollar weakness across the board.

This is easy money for Forex traders.

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