Flash: The US dollar is well bid. There are two overall drivers - BBH

FXstreet.com (London) - Research teams at BBH noted the performance of the dollar.

Key Quotes:

“First, it has been indicated that President Obama will nominate Janet Yellen to lead the Federal Reserve. This helped lift some uncertainty in the market, though generally speaking, it was well discussed and anticipated by investors, especially since Summers recused himself.”

“Second, an exit strategy from the fiscal impasse appears to be in the works and has helped dial down the anxiety over a possible default, which most investors did not think likely”.