- US Treasury Secretary Yellen: I believe dollar's current level reflects appropriate policies
Market news
12 October 2022
US Treasury Secretary Yellen: I believe dollar's current level reflects appropriate policies
US Treasury Secretary Janet Yellen said late Tuesday that “I believe the dollar's current level reflects appropriate policies.”
Additional quotes
“We haven't seen any indications of financial instability in our markets.”
“The decrease in job openings takes some of the sting out of the job market.”
“The dollar's strength is a logical result of various policies.”
“I've been keeping a close eye on developments in the UK and have met with the officials.”
“Do not wish to comment on the UK policy.”
Market reaction
Yellen’s comments saved the day for dollar bulls, as it revived the uptrend in the US dollar index. The spot is trading at 113.48, up 0.22% on the day, reversing a dip to near 112.40.
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