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2014.04.1603:05:00UTC+00Daily Outlook for Fx Markets

Quotes from Danske Bank:

-The FX markets continue to focus on developments in Ukraine but so far the crisis has not been able to create much volatility in for example EUR/USD, whereas the JPY has seen some support. The picture is a bit different looking at the rouble.

-EUR/RUB is once again trading above 50, a level not seen since the Crimea crisis. Today the market will focus on Yellen's speech in New York. We expect a dovish rhetoric underlining that a rate hike is nowhere imminent, which would tend to weigh on the USD.

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