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23 Feb 2015
Yellen’s speech could set the trend for the next leg of USD – Investec
FXStreet (Barcelona) - Jonathan Pryor, Head of FX dealing at Investec, comments on the much awaited Yellen's testimony, viewing that a rate hike favoured speech might set the next leg up for the Dollar.
Key Quotes
“The US are looking ahead to Fed Chair Janet Yellen's typically market moving, semi-annual monetary policy testimonies on Tuesday and Wednesday. After January's FOMC minutes were a little dovish last week, showing some members were thinking of keeping interest rates low for longer, the up-to-date outlook Yellen gives this week, will be key for the US Dollar.”
“We anticipate this speech could set the trend for the next leg of movement, particularly if a rate hike is signalled for as soon as June.”
“We have noted Emerging Market currencies in particular, are sensitive to announcements on timing of a first Fed rate hike.”
“Looking at key events and data over the week ahead, key events this week include the previously discussed Fed chair Janet Yellen speaking on Tuesday and Wednesday on monetary policy, and the individual parliaments in the Eurozone passing through the Greek bailout extension.”
Key Quotes
“The US are looking ahead to Fed Chair Janet Yellen's typically market moving, semi-annual monetary policy testimonies on Tuesday and Wednesday. After January's FOMC minutes were a little dovish last week, showing some members were thinking of keeping interest rates low for longer, the up-to-date outlook Yellen gives this week, will be key for the US Dollar.”
“We anticipate this speech could set the trend for the next leg of movement, particularly if a rate hike is signalled for as soon as June.”
“We have noted Emerging Market currencies in particular, are sensitive to announcements on timing of a first Fed rate hike.”
“Looking at key events and data over the week ahead, key events this week include the previously discussed Fed chair Janet Yellen speaking on Tuesday and Wednesday on monetary policy, and the individual parliaments in the Eurozone passing through the Greek bailout extension.”