Fed’s Yellen testimony to take the centre stage – Danske Bank

FXStreet (Delhi) – Research Team at Danske Bank, notes that today Fed Chair Yellen will testify on bank regulation before the House panel and there exists doubt that there will be much talk about monetary policy.

Key Quotes

“Later in the evening, New York Fed President Dudley (voter, dovish) is scheduled to speak on income variance in the US but he might also comment on the current state of the US economy and give his views on the timing of the first rate hike.”

“In terms of US data releases, the ADP private employment estimate for October will likely attract some attention ahead of the October employment report due on Friday. Consensus looks for a 180,000 gain in private employment.”