UK Inflation, Fed-Speak and French Elections as Price Action Drivers

US Fed officials indicated in December that three rate hikes would be likely for 2017

"So any economic benefit of that will show up only next year", said a senior trader at a European bank.

The RBA maintained its assessment that "an appreciating exchange rate could complicate the adjustment in the economy following the end of the mining boom".

The Japanese yen was also up 0.2% against the dollar despite being close to a local holiday and is headed towards a fifth consecutive session of gains. It has risen 2.0 percent since the Fed's policy meeting last week.

The impact that an interest rate increase has on investments depends upon what you are putting your money into, he said.

"I strongly feel gold price will take its direction based on Fed interest rate policy", managing director of Pure Gold Jewellers said in a media statement.

Many Fed policymakers are due to speak, including four voting members, but I'll be most interested in what Janet Yellen has to say on Thursday at the Federal Reserve System Community Development Research Conference in Washington and what Minneapolis Fed president Neel Kashkari has to say as the only dissenter from the decision to raise rates. As of early Tuesday morning, the Singdollar had strengthened by another 0.01 per cent against the United States dollar to reach S$1.3963 at 8.40am. President Donald Trump in November, spurred by optimism over his plans to reform the tax code and cut regulation.

Everton 4 Hull City 0: Lukaku dominates headlines again with late double
Lukaku is said to be refusing to sign a new deal with Everton, with his current contract set to expire in 2019. Can we show more ambition, stronger team, more points? We have the same points now as last season.

Sterling rebounded to US$1.2360 after it weakened on news that the British government will officially begin the process to leave the European Union on March 29. That pushed down US Treasury yields, to the dollar's detriment.

JP Morgan currency strategist Sally Auld noted a frustrating resilience to the Aussie dollar. The common currency is now trading at $1.4331 Canadian.

We're still within the first rounds of Federal Reserve commentary after last week's rate hike, and today brings three more Fed speakers to the fray with Esther George at Noon (ET), Loretta Mester at 6:00 PM ET and Eric Rosengren of the Boston Fed is making a speech in Indonesia at 9:30 PM ET.

"There is clearly scope" for the spread between Australian and USA short-term yields to contract further this year, Ms Auld said. The tech-heavy U.S. Nasdaq Composite index briefly bucked the trend and hit a record intraday peak of 5,915.120 before edging lower.

"In our view, this suggests that the [Australian dollar] has further to decline over the course of this year". The prospect of Fed hikes delayed won't trouble gold bulls.

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