U.S. Dollar Steady Before Yellen

The dollar steadied against the euro and yen on Wednesday as it awaited fresh cues from a U.S. Congressional appearance by Federal Reserve Chair Janet Yellen later in the session.

Yellen provided dollar bulls with food for thought Friday by saying she expected a rate hike at some point this year, and investors will have a chance to hear her latest thinking at the semi-annual testimony.

The euro, which has lost 1.5 percent this week, was little changed at $1.1001. As the deal between Athens and its creditors consigned the Greek debt saga to the back burner, focus has shifted back onto differentials between U.S. yields and those in Europe and Japan.


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