US Dollar May Fall Further on Cautious Fed Commentary

2017-03-23 05:21:02

(MENAFN- DailyFX) Talking Points:

Aussie Dollar falls as bond yield drop hints RBA outlook eroding Yen edges lower as Asian stocks recover after blistering selloff US Dollar may extend decline on Yellen, Kashkari commentary The Australian Dollar underperformed in overnight trade, falling alongside local front-end bond yields. That speaks to a dovish shift in RBA monetary policy bets, though a standalone catalyst triggering it is not immediately apparent.

The Yen declined as Asian stocks recovered a bit of lost ground following yesterday's blood-letting. The MSCI Asia Pacific regional benchmark equity index fell 1.25 percent, the most in over three months. The slight improvement in sentiment put pressure on the perennially anti-riskJapanese unit.

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** All times listed in GMT. See the full DailyFX economic calendar here.

--- Written by Ilya Spivak, Currency Strategist for DailyFX.com

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