Dollar Awaiting Janet Yellen’s Speech, Kiwi Subdued
New Zealand and Germany had their elections. And now, the winning parties should create a coalition. This subdues NZD and reduces German shares and euro, which has touched 1.18 versus the greenback and 1.1660 is likely to become a test to the downside. Nonetheless, the weakness is limited. North Korea has been preparing its military in order to respond to the US accusations, particularly to Donald Trump’s offensive tweets, that were considered by North Korea’s leader as a reason to begin a war. The United States deny this. The market is a little concerned. Today, Janet Yellen will deliver a speech in Cleveland. Comments will be also given by Charles Evans, Loretta Mester, Lael Brainard and Raphael Bostic. Dollar and yields will be moved by officials’ forecasts. Also from US, we’ll take a look at CB consumer confidence and new home sales figures.