There was really little specific in Yellen’s words or perhaps even none at all that weighed on USD and rates overnight. She mentioned that economy is

GBL: Dollar Bulls Hesitate

Global Markets Daily by Saktiandi Supaat

FX Research

There was really little specific in Yellen’s words or perhaps even none at all that weighed on USD and rates overnight. She mentioned that economy is “very close” to achieving Fed’s goals and that capital buffers have strengthened banks as the economy recovers. That brought the probability of rate hike in Mar to 44% from around 34% yesterday, as priced by Fed funds futures. However, she cautioned that Trump budget may not translate to higher rates and the Fed will only react to...