Search ForexCrunch

The dollar suffered some unconvincing inflation figures but did manage to stage a recovery of sorts as trader fully return from the Easter holiday. The focus remains in the US with home prices, consumer confidence and most importantly, a speech from Fed Chair Janet Yellen. Will she remain dovish like in the FOMC press conference or echo her more hawkish colleagues? While she may try not to rock the boat, her words will certainly move sensitive markets and there is a better chance that she opts for the dovish side, hurting the US dollar.

Wrap up of the morning show for Tuesday, March 29th: