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US Treasury Sec. Yellen tells bankers more mergers may be necessary – CNN

 US Treasury Sec. Yellen tells bankers more mergers may be necessary – CNN

Treasury Secretary Janet Yellen urged bank CEOs that extra bank mergers would be a in point of fact great, CNN reported. The comments triggered threat aversion and weighed on the US Dollar. 

“Sources direct CNN that bank mergers were mentioned all the blueprint by Yellen’s meeting with bank CEOs”, the community reported. 

Market response

The US Dollar extended losses at some stage in the board, with the DXY falling 0.40%. USD/JPY lost larger than 50 pips, falling to 137.50 and XAU/USD jumped from $1,960 to $1,975. 

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