Orbex, Busy week for USD with FOMC meeting minutes & Fed Chair Yellen’s speech

This article is originally referred from Orbex Market Preview.

This week promises to keep the U.S. dollar busy.

Among the events lined up, the Fed Chair Janet Yellen is scheduled to speak earlier in the week.

The outgoing Fed Chair has not offered many clues in regards to monetary policy in recent speaking engagements.

Interest Rate to be Hiked this December?

However, this could change as the central bank head could possibly guide the markets further into the December rate hike.

The FOMC will also be releasing its meeting minutes that were held earlier this month.

The central bank left interest rates unchanged at the November meeting as it continued with its balance sheet normalization program.

The meeting minutes from the FOMC are not expected to bring any new information but the minutes could see the odds for a December rate hike strengthening further.

Concerns about inflation could likely remain in the meeting minutes.

On the economic front, the U.S. durable goods orders will be coming out this week.

Other data over the week includes the existing home sales data and the weekly unemployment claims which comes ahead of the next week’s monthly jobs report data.

Original Source: Orbex Market Preview