US dollar dips as dealers hope for US rate policy clues

The US dollar dipped Friday as dealers focus on a speech by Federal Reserve boss Janet Yellen later in the day they hope will supply fresh clues about the central bank's outlook for the US economy and monetary policy plans.

Markets hope Ms Yellen will provide some guidance in her remarks to the annual global bankers' symposium in Jackson Hole, Wyoming later Friday.

Her speech comes as leading central banks have proven unable to convincingly reverse a broad economic slump, despite years of ultra low borrowing costs and stimulus.

Divergent views from Fed officials in recent weeks have kept markets guessing about the bank's intentions.Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg