The U.S. dollar may push higher this week if an influential policymaker from the U.S. Federal Reserve drops his dovish tone and suggests the world’s largest economy is ready for an interest hike earlier than the mid-2015 consensus, currency strategists told CNBC.
New York Federal Reserve President William Dudley – also vice-chairman of the central bank’s rate-setting panel, a permanent voting member and widely regarded as a policy dove – is scheduled to speak tonight in New York.
Dudley’s remarks this week – the highlight for currency markets – will be followed by speeches from fellow policymakers including Jerome H. Powell, Narayana Kocherlakota and Loretta J. Mester – all voting members of the Federal Open Market Committee (FOMC) in 2014.
via CNBC
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