The U.S. central bank has been on the sidelines since it first raised interest rates last December after keeping them near zero following the sub-prime financial crisis that hit the global economy in 2008.
With an interest rate hike unlikely in the immediate future, the dollar was struggling to gain traction.
TORONTO, Aug 26 Canada's main stock index rose on Friday, led by energy and mining stocks as oil and gold prices gained after a speech by Federal Reserve Chair Janet Yellen viewed as supportive of a US interest rate increase.
Yellen's speech comes after some colleagues have been fairly upbeat in their assessments of the economy, which could mean they're eager to lift rates in the coming months.
There were positive elements in the report though, said currency strategist Vassili Serebriakov of Credit Agricole in NY.
The reason markets have been so calm about the next rate hike is that investors don't expect an ensuing hike until at least the fall of 2017.
Next week's publication of euro zone jobless data for July and August's figures for consumer sentiment and inflation, slowly on the rise from anemic levels, come ahead of the next meeting of European Central Bank governors on Sept 8.
The U.S. currency rallied after Yellen's speech but soon fell as investors digested some of its dovish details.
While U.S. economic growth has not been rapid, it has been "sufficient to generate further improvement" in the labor market, Yellen noted, adding that job gains averaged 190,000 over the past three months. At the beginning of the year, the Fed projected it would raise rates four times this year. Since then, slower growth overseas and market shocks caused by the Brexit vote in the United Kingdom has made the Fed extremely cautious.
The US. stock market on Friday appeared to take no heed of any hints on a rate hike, staying in positive territory even after Yellen's remarks. "On balance, it strengthened the case for a December move", said Bill Northey, chief investment officer for the private client group at U.S. Bank in Helena, Montana.
"Yellen succeeded in leaving the door open to nearly anything", says Kathy Jones, chief fixed income strategist at Charles Schwab.
Gold rose as much as 1.6 percent after Yellen said that while the case for a rate hike has strengthened recently, a gradual increase will be appropriate "over time", initially easing concerns that the Fed would make a move next month.
The pair rented two jet skis for the occasion, but remained close to each other as they zipped their way through the waters. However, just before she and Thompson headed to Mexico, the rapper was seen spending time with Iggy Azalea on a yacht.
The court's logic applies equally to all public schools and other places where HB2 conflicts with federal civil rights laws. Republican proponents of HB2 say that the law is needed to protect women by keeping men out of their bathrooms.
The Blues were paired with Borussia Monchengladbach, Celtic and Pep's former side FC Barcelona in Thursday's draw in Monaco. I know the people there, most of the players are still there. "I'm here to take decisions, I make a lot of mistakes.
The relationship between Obama and Putin has been strained in recent months over a number of issues such as cybersecurity. The official added that the two leaders directed their teams to meet again quickly, possibly as soon as later this week.
The launches drew immediate condemnation from the United States , which described them as "reckless", and diplomats said the U.N. Security Council will discuss them behind closed doors on Tuesday at Washington's and Tokyo's requests.
What bothers her most, she said, is that neither party is "asking the African-American community what we want and what we need". Paduchik said Trump's efforts heading into the fall are focused primarily on rallying "disaffected Democrats and independents".
He first came out wearing a dark suit, which is much more smart and covered up than we're used to seeing on Strictly . Speaking on the show she said: "I want someone to be really strict with me because that's what I'm used to".
It was hardly a golden performance by Andy Murray, who fought his way to a 7-6 (4), 5-7, 6-2, 6-3 win at Arthur Ashe Stadium . Both Serena and Venus Williams sailed into the fourth round of the US Open on Saturday without much resistance.
The piece also reported that Fox News executives looked the other way while Ailes sexually harassed female employees. NY followed up with reports of other women who said they had been harassed by Ailes as far back as the 1960s.
He referred to the 0.005 per cent tax rated quoted by the Commission as a "false number". "We paid $400 million in taxes in 2014". But the Irish Independent , who has spoken to Mr Cook, says he is confident his appeal against the ruling will be successful.
Hermine lingers off shore continuing its unsafe storm surges
Hermine, the first hurricane to make landfall in Florida in 11 years, swept ashore early on Friday near the Gulf shore town of St. The storm transitioned into more of a Nor'easter-type of storm Saturday, and the winds are near hurricane strength at the center.
Williams sisters, Murray, del Potro seek QF spots at US Open
Thiem, who turned 23 on Saturday, has had a breakthrough year, reaching the French Open semifinals and cracking the top 10. Juan Martin del Potro , of Argentina, reacts after defeating David Ferrer , of Spain, during the third round of the U.S.
West Indian Day Parade begins in New York City
The West Indian Day celebration is held on the first Monday in September each year to showcase the culture of Caribbean people. At least four people were shot and one was stabbed amid bloodshed at the pre-dawn J'Ouvert parade in Brooklyn, police said.