Trump's decision to fire Bannon could undermine his support from far-right voters but might ease tensions within the White House and with party leaders. "But as the positive economic data apparently had little effect on the dollar, it is possible that no market-moving factors will emerge from the Fed conference," he added.Fed Chair Janet Yellen is scheduled to speak at the conference. The benchmark 10-year US Treasuries yield skidded to 2.162 per cent on Friday, its lowest since late June, before closing at 2.194 per cent. It last stood at 2.199 per cent. European Central Bank President Mario Draghi will not deliver a new policy message at the Fed conference, two sources familiar with the situation said, tempering expectations for ECB to start charting the course out of stimulus.

Source: Economic Times August 21, 2017 02:48 UTC