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USD stronger but market eyeing Yellen’s speech — #SaxoStrats
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The New York Fed’s president William Dudley says there is a “compelling” case for the US Federal Reserve to hike interest rates. Saxo Bank’s John Hardy discusses potential market moves following this development.
The US dollar is still strong while the market waits to see if FOMC chair Janet Yellen's Friday speech will give an indication of a hike at the US Fed's March 15 meeting, explains Hardy, who also digests PCE data published on Wednesday.