Don't expect too much from the Yellen speech today, because she is in Harvard and it won't be too political. If any comments about rates or econ data, it's likely to be carefully dovish, because data in US are worse than expected and NFP next week will be very low (maybe around 100k).
It's more likely she will be talking about that in her next speech on 6. June, prior to the next FED meeting. And looking at the current data, odds for a rate hike are getting worse.
I would be very careful buying USD now.
It's more likely she will be talking about that in her next speech on 6. June, prior to the next FED meeting. And looking at the current data, odds for a rate hike are getting worse.
I would be very careful buying USD now.