The US dollar is looking stronger across the board and it seems that it has appetite for more. EUR/USD is getting closer to a critical low, the stubborn USD/JPY broke out of range and other currencies suffered losses as well. Why is the greenback doing more than a comeback? Summary of the latest developments: Yellen talks about December: No. 1 at the FED said that December is a “live meeting” and that the FOMC thought it could be appropriate to move in December (as they clearly hinted), even though no decision has been made yet. . And she had other upbeat comments to add in front of politicians in Washington: labor slack is diminishing significantly and that “employment is going up” in general. Fischer sees inflation close to target:: No. 2 at the FED said that we are not that far from a two percent inflation target once the oil stops rising and the dollar stops strengthening. This is contrary to the consensus that inflation is very far from target. In addition, inflation expectations have remained steady. He was also not worried about US deficits, which are “respectable” in comparison to GDP. Dudley repeats live meeting: No. 3 at the central bank, NY Fed President Bill Dudley agreed with Yellen that December is a live. While he did say that there is more slack in the job market that the unemployment suggests (a known line from the Fed) he doesn’t seem to have the same doubts he had in August, when he mentioned that he was waiting for “more compelling evidence” for a rate hike. Strong ISM Non-Manufacturing PMI: Contrary to the weak manufacturing sector (which showed a loss of jobs), the measure for the largest US sector, services, was upbeat: the headline and the employment component showed strong activity, raising expectations for a rate hike. In addition, the report lifted Q4 growth expectations, with the Atlanta Fed GDP Now figure rising from 1.9% to 2.3%. OK ADP NFP: After too many disappointing figures, ADP’s report for the private sector came out at +182K, as expected. Nothing earth shattering if you look at pace in the past year, but certainly above the previous two reports. All this news had a big impact on the expectations for a December rate hike. It now stands at a clear majority of 56% for a hike according to bond market’s implied probabilities. More: EUR/USD – 1.08 key for parity Here is how EUR/USD is looking now, not far from the lows of 1.0840. Critical support is at 1.0810, which was the post recovery low in July. Join me for the live morning show at 8:00 GMT: Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next USD on the move – Live Market Open from 8:00 GMT Yohay Elam 7 years The US dollar is looking stronger across the board and it seems that it has appetite for more. EUR/USD is getting closer to a critical low, the stubborn USD/JPY broke out of range and other currencies suffered losses as well. Why is the greenback doing more than a comeback? Summary of the latest developments: Yellen talks about December: No. 1 at the FED said that December is a "live meeting" and that the FOMC thought it could be appropriate to move in December (as they clearly hinted), even though no decision has been made yet. . And she had other… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk.4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk.5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.