Yellen: FOMC is committed to policies that promote price stability and full employment

FXStreet (London) - US Federal Reserve chairman Janet Yellen continues to address the House Financial Services Committee

- “FOMC is committed to policies that promote price stability and full employment.”

- “A high degree of accommodative monetary policy remains appropriate.”

- “Fostering accommodative monetary policy through forward guidance communicated with clarity.”

United States EIA Crude Oil Stocks change came in at -7.525M below forecasts (-2.1M) in July 11

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USD/CAD spikes to 1-month highs after BoC decision

The USD/CAD spiked to fresh 1-month highs after the Bank of Canada decided to leave the overnight rate unchanged at 1.0% but issued a quite dovish statement.
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