Forex Traders look ahead to Yellen Testimony

Forex traders are eagerly waiting for congressional testimony by Federal Reserve Chair Yellen next week. Friday at mid session the U.S. Dollar index is trading at 94.47, nearly unchanged on the day. Market talk has traders occupied regarding her views on the U.S. Economy and world events. Some background chatter is beginning to surface about the range of questions she will answer from current members of the U.S. House and Senate. The U.S. Senate changed political hands in 2015 and that has drawn some attention. By and large forex traders appear to have a view that the Fed Chair's opening comments will be upbeat about the U.S. Economy. However many market participants are uncertain about how much she will reveal regarding Federal Reserve monetary policy changes.