Dollar Broadly Lower after Yellen's Testimony, Sterling Shone on Rate Speculations Janet Yellen made her first public appearance as Fed's chair last week and testified to Congress last week. But her pledge to continue with measured tapering provided no support to the greenback as it tumbled across the board. Dollar index extended decline to as low as 80.07 and barely held on to 80 handle. In other markets, stocks extended recent rebound with DOW breaking through 16000 handle decisively to close at 16154.39, comparing to historical high of 1588.25 made in December. S&P 500 is even closer to the historical high of 1850.84 and closed at 1838.63. Treasury yields continued to stay in corrective recovery and edged higher with 30 year yield closing at 3.700% and 10 year yield closing at 2.746%. Gold also jumped sharply through 1300 handle to close at 1318.9. Full Report Here... | 
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