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Currency Analyst since 2010

Fed's officials support USD

US dollar got support from the hawkish comments of the Federal Reserve’s policymakers.

Atlanta Fed President Dennis Lockhart said that he would call for a later rate hike than in September only in case of "significant deterioration" in American economic data. Lockhart is a hawk by leans to the slightly dovish side, so his words has a sizeable effect on the market.

On Friday, St. Louis Fed president James Bullard also claimed that the recent economic data are bolstering the case for raising short-term rates when officials meet in September.

Yields on 2-year Treasury notes rose to 0.74%, reversing all the fall that followed a surprisingly weak report on US wages out last week.

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