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Fed's Yellen: US economy improving but recession effects still evident

FXStreet (Łódź) - Speaking at an economic conference in Washington on Thursday, Fed chair Janet Yellen avoided the topic of monetary policy when delivering her prepared remarks.

• US economy seen improving, although recession effects persist.

• "Fed will continue promoting asset building, the US needs a greater diversification of assets.

• Lower-income households suffered most during the crisis, Yellen points out.

• Improving housing market will remain crucial for family assets.

Russia Central Bank Reserves $ fell from previous $464.2B to $459.9B

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USD/JPY extends gains to 109.00

The US Dollar is extending its gains versus the Japanese Yen following better than expected jobless claims in the United States. The pair is performing fresh highs around 109.00.
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