Flash: USD supported as business as usual for Fed - Danske Bank

FXStreet (Barcelona) - Kasper Kirkegaard, Chief Analyst at Danske Bank notes that it was business as usual for Yellen yesterday despite the recent weakness in data.

Key Quotes

“This gave some support to USD and EUR/USD was slightly lower and USD/JPY slightly higher overnight. Especially the latter should see more upside as risk markets also interpreted Yellen’s comments positively.”

“AUD received some support overnight as the Chinese import and export data were stronger than expected.”