0656 GMT [Dow Jones] The USD stabilized against the majors overnight after Tuesday's trouncing, although there were a couple of standout currency moves. Kiwi took a hit after RBNZ Governor threatened intervention if it remained strong, while JPY pushed higher as the Nikkei sank nearly 3% and the US 10-year yield eased further. Up ahead Fed Chair Janet Yellen speaks before Congress (1400 GMT) with a Q&A session afterwards. Europe is devoid of data, already out German March factory orders fell 2.8% on the month against an expected 0.2% rise, EUR/USD slipped to a fresh day low of 1.3915 shortly afterwards. French March industrial production came in at -0.7% against +0.3% expected. gary.stride@dowjones.com
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(END) Dow Jones Newswires
May 07, 2014 02:56 ET (06:56 GMT)
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