Dollar Advances On Strong GDP Ahead Of Yellen Speech

From nasdaq.com

Stronger-than-expected GDP boosts rate-hike expectations The dollar advanced against its major rivals Friday after fresh data showed the U.S. economy grew in the first quarter at a faster pace than initially estimated, adding to investor expectations that the Federal Reserve might raise interest rates as early as June. Yellen is due to speakat 1:15 Eastern Friday at Harvard University but some market-watchers said she'll likely wait until a June 6 speech to crank up the rate-specific rhetoric. Fed's Yellen may send interest-rate message by not making one Still, on Friday, the stronger-than-expected data on gross ... (full story)