Commentary Topic from greenfaucet
July 4th has come and gone yet the dollar rally is here to stay. There are 3 things driving the US dollar higher today:
1. Hawkish Comments from Janet Yellen San Francisco Fed President Janet Yellen spoke in San Diego this morning. Like her counterparts at the Fed, she is paving the road for a third or fourth quarter rate hike. For dollar bulls, Yellen's concerns about inflation and less pessimistic take on growth were encouraging.