Geopolitics & Cahir Yellen translating into two-way USD performance - ING

Sandeep Kanihama FXStreet Contributor

Analysts at ING note that the US Treasury yields continue grinding lower given the mix of rising geopolitical risk (Syria and concerns about potential future US involvement in North Korea – hence KRW underperformance) and yesterday’s Fed Chair Yellen comments (ie, appropriate stance of policy being closer to neutral and giving the economy “some gas”).

Key Quotes

“The former has been benefiting USD against risk sensitive currencies, while the latter limited USD gains against EUR and JPY. With a limited data calendar today, we expect major USD crosses to remain range bound, with the focus shifting to Friday’s US retail sales and core CPI today.”

Janet Yellen’s Previous Events

Previous Events of Janet Yellen and FED Statements

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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