All eyes on Yellen tonight – Danske Bank

FXStreet (Edinburgh) - According to Lars Christensen, Chief Analyst at Danske Bank, Chairwoman Janet Yellen’s speech tonight would take centre stage.

Key Quotes

“As long as the housing market struggles with the impact from last year’s higher rates, we do believe that Yellen will be careful not to de-anchor rates”.

“Yellen will speak tonight and she is once again expected to play down the importance of the higher projections for the Fed funds rate (the dots) that were released with the previous FOMC announcement”.

“We continue to see the near-term risk reward skewed for lower rates in both EUR and USD”.