Yellen’s speech calms USD bulls
Quote of the day: “Go the extra mile, it’s less crowded there!”
March 22nd: Highlights
- CPI inflation data from Germany
- US ADP Employment Change data
- US Crude Oil Inventories
Yesterday, US Consumer Confidence posted 96.2, better than forecast, showing that confidence in the service sector remains strong.
Today, we have confidence data from the Eurozone, which is expected to be weaker, reflecting the ongoing slowdown. And further to digestion and discussion of Yellen’s speech, we have two major releases from the US – ADP Employment Change (pre-cursor to the Non-Farm Payrolls on Friday) and the Crude Oil Inventories, forecast to drop 7m to 2.4M barrels.
Have a great day!
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