It was a quiet day for US markets, with Veteran’s Day on Wednesday and banks being closed. The attention now turns to the end of the week. With weekly labour data due out today, the spotlight will be on US Federal Reserve Chair Janet Yellen, who speaks.
With expectations high for a December interest rate rise, investors will be keen to see if there are any comments made by Yellen that might mention or allude to a potential hike. Any related statements or clues could have the opportunity to influence the US dollar market. Following Yellen’s speech, we will also be hearing from three other members of the central bank. Any comments from them on the same topic could also have the power to move the dollar market.