USD: With the markets highly sensitive to the outcome of the US Fed reserve chairman’s speech today, it is not surprising to the see the currency markets consolidating early on this week. In my opinion, the dollar is vulnerable to another downward move like what we saw from May to August, especially if the FED maintains its stance today without noting any change in conditions. Basically, there are signs of global recovery and there are also signs of growth in the US, but if we see the FED maintain its support as well as not raising rates, the USD should remain bearish.