Danske Bank: Yellen to support USD
Danske Bank strategists expect USD to find additional support on the Fed's new Chair Yanet Jellen testimony (15:00 GMT).
“EUR/USD is once again back below $1.3700 and with growing expectations that the ECB will ease monetary policy as early as March, the peak in EUR/USD might have been seen for now.”
“Today the market will follow the testimony from Yellen to see if there are any new policy signals in light of the weaker than expected US data. If she continues as planned, a bit more support to the USD could be expected.”