What is it? Fed chair Yellen is due to deliver opening remarks at the Board of Governors of the Federal Reserve System's National Summit on Diversity in the Economics Profession, in Washington DC.
As head of the central bank, which controls short term interest rates, she has more influence over the nation's currency value than any other person. Traders scrutinize her public engagements as they are often used to drop subtle clues regarding future monetary policy.
Usual Effect If the announcement will hint towards higher interest rates, you can expect the USD to rise.
When? October 30th at 9:00am Eastern Time.
Trading Tip: This announcement can greatly affect the USD, make sure to make your trades before.
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