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Don’t Expect Yellen to Help the Buck
At 15GMT Janet Yellen will testify before Congress’s Joint Economic Committee. Heading into the testimony, we have a US Dollar that has been very well in demand, with the market ramping up December rate hike odds to a near certainty.
Audio updatehttp…
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Daily FX Market Commentary
Good morning, LMAX Close USDJPY 109.076 | EURUSD 1.0691 | AUDUSD 0.74808 | NZDUSD 0.70822 | USDCAD 1.34466 | USDCHF 1.00193 | GBPUSD 1.24429 | LMAX Highs and Lows 6am GMT Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â High | Low EURUSDÂ Â Â Â Â Â Â Â Â Â Â Â Â Â 1.07146 | 1.06891 USDJPYÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 109.285 | 108.55 GBPUSDÂ Â Â Â Â Â Â Â Â Â Â Â Â Â 1.24572 | 1.2409 USDCHFÂ Â Â Â Â Â Â Â Â Â Â Â Â Â 1.00234 | 1.0001 AUDUSDÂ Â Â Â Â Â Â Â Â Â Â Â Â 0.75024 […]
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Looking Beyond the December Fed Hike
The US Dollar remains in the driver’s seat into the latter half of the week, but there have also been signs of a slowing down in demand, perhaps now that a December Fed hike is fully priced in. Plenty of first tier data and official speak ahead.
Wake-U…