🥇 First rule of investing? Know when to save! Up to 55% off InvestingPro before BLACK FRIDAYCLAIM SALE

Dollar firm ahead of Yellen testimony, holds above 114 yen

Published 07/11/2017, 02:47 AM
EUR/USD
-
GBP/USD
-
USD/JPY
-
AUD/USD
-
DX
-

Investing.com - The dollar was firm Tuesday ahead of Fed Chair Janet {{ecl-1070||Yellen's} testimony to Congress beginning tomorrow.
The dollar index was up 0.09% at 95.90 at 02:30 ET, near its highs for the session.
Fed member John Williams Tuesday advocated the case for another U.S. rate hike this year.
He also indicated he expects the Fed to begin tapering its balance sheet in the coming months.
The dollar was up 0.33% at 114.44 yen near four-month highs.
The Bank of Japan Monday reiterated the need to continue with its massive stimulus program.
The (pound) was trading below $1.29 with Bank of England Monetary Policy Committee members due to speak.
MPC member Haldane has argued the case for tightening in the face of inflationary pressures due to the pound's weakness.
The euro was steady at a tad below the $1.14 mark. ECB member Coeure is due to speak.
The Aussie was firm against the dollar as industrial metal prices edged higher.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.