Investing.com - Federal Reserve Bank Chairwoman Janet Yellen's comments yesterday afternoon about the improving jobs market in the U.S. continued to move the market in currencies today, traders said. The dollar closed up against the euro, at 1.038, up against the yen at 117.90, and down against the pound at 1.235.
At just after 3 p.m. today, the GBP/USD and the EUR/USD were down.
The price of the pound/dollar pairing was at 1.2367, down 0.24%.
The price of the euro/dollar exhange rate was 1.0388, down 0.13%.
The USD/JPY was up, at 117.78, an increase of 0.68%.
The greenback had reached a 14-year high on intraday trading.
Yellen's remarks yesterday afternoon at a commencement at the University of Baltimore touched on her observation that new jobs are easier to find for college graduates than at any time during the last 10 years.
She also said that it is becoming easier for job seekers to keep jobs, once they land them, and also that the prospect of increased wages is also in the offing for new hires.
Later in the week, other government news may impact the markets.
President-elect Trump is expected to name a Secretary of Veterans Affairs, as well as a Director of National Intelligence, and other cabinet and cabinet-level positions.
The president-elect was interviewing the CEO of the prestigious hospital, the Cleveland Clinic, Dr. Delos M. Cosgrove, for the position of the secretary of the veterans affairs department.