Yellen’s testimony to reflect a rate hike and the data dependence of Fed – Scotiabank

Camilla Sutton CFA, CMT, Chief FX Strategist at Scotiabank, highlights the key focus for today’s Fed Yellen’s testimonty and further views that the broad takeaway from the speech would be that Fed will hike rates and it is data dependent.
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EUR/USD might retest 1.1285 on an upbeat tone of Yellen’s speech – TDS

Shaun Osborne, Chief FX Strategist at TD Securities, comments on the probable impact on the USD and EUR from hawkish or dovish scenarios of Yellen’s speech.
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