Market Overview

U.S. Dollar Index Steady As Traders Prepare For Tuesday's Testimony

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Forex traders expect trading ranges to be wide and possibly hectic on Tuesday. Congressional testimony by Federal Reserve Chair Janet Yellen begins at 10:30 a.m. ET. Market talk about her appearance before the Senate and House sub-committees this week has traders occupied regarding her views on the U.S. economy and world events.

March U.S Dollar index was trading steady at 94.69, up 0.35.

Some chatter is looking for an upbeat view on the U.S economy that may provide a hint at when or if any liftoff or U.S. rates will begin. Other chatter is dampening any expectations for any monetary policy changes by the Fed.

Posted-In: Futures Forex Markets

 

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