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

    Heavy Event Risk in Jobs Data, Rate Decision Will Confront Summer Trading

  2. Forex News

    US Dollar as ‘Data Dependent’ as the Fed as NFPs Approach

  3. Forex News

    Strategy Video: Am I Over or Under Trading, And How Do I Correct It?

  4. Forex News

    Nonfarm Payrolls coming up: expectations -TDS

  5. Forex News

    EUR/USD regains 1.10, Payrolls eyed

Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!