Federal Reserve Chair Janet Yellen is scheduled to deliver opening remarks at the fifth annual Community Banking in the 21st Century research and policy conference, taking place at the Federal Reserve Bank of St. Louis from today. I am looking for additional information regarding how the Fed wants to proceed considering the state of economy. If she expresses any hawkish view USD may go to cross the recent high of 113.30 which opens up the space for further rally. Else we may see few more days of consolidation.
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