The sustained rally in the dollar seen over last week came to a halt yesterday, the dollar index ending its run of 6 consecutive sessions of gains. This was predicated in part on signs that Fed officials were becoming more confident on the ability of the economy to shoulder a further increase in rates this year. There is likely to be an air of caution in markets today ahead of a speech by Fed Chair Janet Yellen later today, where she is scheduled to speak on the economy at the Economic Club of New York. No doubt this will be scrutinised for fresh leads on the Fed’s thinking, given that some of the recent more hawkish comments have come from current non-voting members. Yesterday’s data also helped to take the shine off the dollar and some estimates now have GDP in the first quarter below 1.0% on an annualised basis, which does not make for a great backdrop for a rate increase as early as April. Liquidity should return to markets today after the Easter Break, although we could still be set-up for a choppy week with calendar month end on Thursday and the US Employment Report on Friday. The stand-outs on the currency front remains the Brazilian real, the strongest performing on the major emerging markets so far this year and this coming in the wake of its sharp underperformance seen last year. This comes despite the ongoing political turmoil being seen. On the majors, it’s hard to ignore the volatility being seen in sterling, which has fallen to the 1.42 level in early European trading before recovering to the opening levels around the 1.4230 area. Sterling still continues to trade more like a risk currency as the EU referendum approaches in June, so weakening as safe haven assets and currencies rise. EURJPY is worth keeping an eye on as it approaches the March high of 127.29, with a similar picture seen on AUDJPY, which is currently just shy of the 86.41 high seen earlier this month. Further reading: Dollar Declines After Easter – Live Market Open from 8:00 GMT Core PCE inflation disappoints +0.1% m/m FxPro - Forex Broker FxPro - Forex Broker Forex Broker FxPro is an international Forex Broker. FxPro is an award-winning online broker, offering CFDs on forex, futures, indices, shares, spot metals and energies, serving clients in more than 150 countries worldwide. FxPro offers execution with no-dealing-desk intervention and maintains a client-centric business model that puts customer needs at the forefront of our operations. Our acquisition of leading spot FX aggregator, Quotix, enables us to offer access to a deep pool of liquidity, as well as top-class order-matching and some of the most competitive spreads in the market. FxPro is one of only few brokers offering Negative Balance Protection, ensuring that clients cannot lose more than their overall investment. FxPro UK Limited is authorised and regulated by the Financial Conduct Authority (registration number: 509956). FxPro Financial Services Limited is authorised and regulated by the Cyprus Securities and Exchange Commission (licence number: 078/07) and by the South Africa Financial Services Board (authorisation number 45052). Risk Warning: Trading CFDs involves significant risk of loss. View All Post By FxPro - Forex Broker Daily Look share Read Next EURUSD , GBPUSD , USDJPY and XAUUSD TA – March 29 2016 John Benjamin 6 years The sustained rally in the dollar seen over last week came to a halt yesterday, the dollar index ending its run of 6 consecutive sessions of gains. This was predicated in part on signs that Fed officials were becoming more confident on the ability of the economy to shoulder a further increase in rates this year. There is likely to be an air of caution in markets today ahead of a speech by Fed Chair Janet Yellen later today, where she is scheduled to speak on the economy at the Economic Club of New York. No doubt this will be… 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.