26 May 2015
US Dollar suppoted on overnight Fed speak - Westpac
FXStreet (Guatemala) - Sean Callow, analyst at Westpac noted the Fed speakers overnight.
Key Quotes:
"Fed vice chair Fischer said the Fed rates debate is between early and gradual versus late and steep rate increases."
"Speaking in Israel, he also said there was a desire to avoid reversing any rate hikes. Cleveland Fed president Mester was hawkish as usual, saying that “If the data comes in according to my forecasts then the time is near where we’re going to be wanting to raise rates.”
"US 10yr treasury notes will reopen trade today, having closed at 2.21%."
Key Quotes:
"Fed vice chair Fischer said the Fed rates debate is between early and gradual versus late and steep rate increases."
"Speaking in Israel, he also said there was a desire to avoid reversing any rate hikes. Cleveland Fed president Mester was hawkish as usual, saying that “If the data comes in according to my forecasts then the time is near where we’re going to be wanting to raise rates.”
"US 10yr treasury notes will reopen trade today, having closed at 2.21%."