Yellen's testimony next week shouldn't cause a stir - TD Securities

By FXstreet.com | Updated July 30, 2014 AAA

FXStreet (Łódź) - The TD Securities FX Research Team suggest that during her testimony before the Senate Committee on Tuesday Fed head Janet Yellen shouldn't deviate in any meaningful way from her stance presented at the June press conference.

Key quotes



"Investors will be looking for any indication of whether the strong June's payrolls report has altered the FOMC's predisposition towards the timing of liftoff."



"We doubt that Mrs. Yellen will deviate in any meaningful way from her remarks during the June press conference."



"Therefore, her appearance before Congress should not add further downside pressure on UST yields and prove relatively neutral for the USD."



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    Forex Sentiment & Volume Analysis - EURUSD

  2. Forex News

    Forecast: Dollar Faces NFPs, Euro Anticipating Greece and Risk Languishes

  3. Forex News

    Fed Fear Builds USD, Greece Unnerves the Euro but S&P Yet to Collapse

  4. Forex News

    A glance at the strong dollar and implications - BBH

  5. Forex News

    EUR/USD: Extraordinary price action - Rabobank

Trading Center