Today we are taking a look at:

  • A dovish Brainard sees the USD weaker against the majors
  • Foreign exchange market focus today on Yellen testimony
  • Oil extended gains above $45 a barrel as data showed crude and gasoline stockpiles declined
  • Global markets trading mixed, taking a cautious stance ahead of Janet Yellen’s congressional testimony to congress later today
  • The rate of decline in manufacturing slows less than expected
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