Daily Market Review: Investors Lock Gaze on Powell and Yellen Testimony
Channel: JFD Brokers
Date: 2021-03-23

Daily Market Review by Charalambos Pissouros

US indices gained on sliding yields on Monday, but Asian shares pulled back today as the US and other nations sanctioned Chinese officials for human rights abuses. Today, the overall market appetite will depend on the outcome of the testimony of Fed Chair Jerome #Powell and US Treasury Secretary Janet #Yellen. In the FX world, the #Kiwi was the main loser among the G10s, hurt by the decision from New Zealand’s government to take measures in order to cool its hot housing market.

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