Federal Open Market Committee must keep an open mind, not be trapped by prior forecasts, respond to incoming data
Yellen speaking live now (live link here)
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Fed Chair Yellen speaking - Fed must keep an open mind, respond to data
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- FT: Trump is pushing for 15 – 20% minimum tariff on all EU goods. EURUSD moves lower.
- AUD/USD remains stuck in a range as RBA signals a pause and US-Iran stalemate extends
- US futures keep steadier after the drop yesterday
- Indian Rupee flirts with new record lows as US-Iran stalemate extends, tensions rise
- USD/JPY treads with caution amid fear of incurring another intervention hit
- Oil prices stay elevated amid rising tensions in the Strait of Hormuz, US-Iran stalemate
- Gold's outlook remains neutral-to-bearish amid prolonged US-Iran stalemate and neutral Fed
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