Yellen said on Tuesday night that it would be “unwise” to wait too long to tighten rates and implied that the Fed might make moves at “upcoming meetings”, pushing up the greenback against other currencies. Photo: Reuters

Yuan firms after stronger PBOC fix, ignoring hawkish Yellen

‘Janet Yellen’s words were the main catalyst for overnight markets, evidently surprising on the hawkish side,’ said Jingyi Pan, a strategist for IG Group.

Topic |   Currencies

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Yellen said on Tuesday night that it would be “unwise” to wait too long to tighten rates and implied that the Fed might make moves at “upcoming meetings”, pushing up the greenback against other currencies. Photo: Reuters
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