Good Day,

Some movement yesterday and overnight for me with NZD and CNY news.

I was surprised by the response the markets had to Janet Yellen's testimony yesterday, quite frankly, when I heard on CNBC that traders may have found her explanations on when rate increases may occur confusing, I thought that this was a sad indictment of U.S. education. For me, I thought it was clear and unambiguous. It would appear that the U.S. equity traders would like the FED to say that on a specific date at a specific time they will no matter what raise rates