Could the US dollar bulls be jumping the gun again? via ForexLive

Traders have tried to buy US dollars ahead of Fed events for the past two months and been burned repeatedly.

If Yellen comes out a signals a more hawkish Fed (even a slightly more hawkish stance) that's probably all the US dollar needs to start a broad, long rally. If not then dollar bulls will (and the Treasury bears) will take yet another beating. I get the sense that we'll see a bit of US dollar selling in the hour ahead of the Fed decision as nerves begin to fray.

posted via ForexLive