The dollar remains strong against a basket of currencies this morning and the markets are looking ahead to Federal Reserve Chair, Jerome Powell’s speech later today. This will be the first of three public appearances this week.
Powell is expected to reiterate the Fed’s message of ongoing support and downplay concerns about rallying bond yields. He may also repeat the message that rate hikes will not be expected in the near future.
There will also be a series of speeches from other Fed officials this week on a variety of topics. As well as this, it’s a busy week for economic data, with durable goods orders and personal spending figures due to be released.
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