FxPro Forex Analysis: Dollar weakness on Yellen

The dollar has fallen on the initial comments from Fed Chair Yellen during her semi-annual testimony in Washington today.  Her opening statement stressed that slack remained in the labour market and again emphasised that “a high degree  of monetary policy accommodation remains appropriate”.  That said, the dollar remains above the levels seen just ahead of the last employment report, by just under 0.4% on the dollar index.