Dollar gains were reversed in a sudden, violent sell-off yesterday, but honestly the reasons are not clear to me. Some analysts mentioned that it was the negative comments Yellen made on economy and the treasury yields falling. But what I see in the last 48 hours is a steady chance increase of Fed hike in March, now being at about 50%. Another Fed official said yesterday that we might need more than 3 hikes in 2017. And let's not forget CPI that rocked!
So, why the markets are not rushing to st…