Economics
Dollar Rally Stutters as Traders Wary Yellen to Side With Doves
- Currency snapped best run of gains in two months on Monday
- U.S. economy vulnerable to global factors, Fed's Williams says
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Dollar bulls have turned cautious after last week pushing the currency to its longest run of daily gains in two months.
Investors will watch for clues on the path of monetary policy when Federal Reserve Chair Janet Yellen speaks Tuesday at the Economic Club of New York. San Francisco Fed President John Williams damped enthusiasm for the dollar on Monday, saying the economy is vulnerable to global developments, echoing the Federal Open Market Committee’s March statement. Fellow policy makers James Bullard and Patrick Harker signaled this month interest rates may rise as soon as April.