What is it? Fed Chair Yellen is due to speak about monetary policy at the Federal Reserve Bank Conference titled "The New Normal for Monetary Policy," at San Francisco. Audience questions expected.
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.
When? March 27th at 3:45pm Eastern Time.
Trading Tip: If the announcement will hint towards higher interest rates, you can expect the USD to rise.
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