Weekly outlook for USD: Barclays

Quotes from Barclays Capital:

-There is a busy week ahead in terms of US data/events, and the focus will be Fed Chair Yellen's semi-annual testimony to the Congress (Tuesday, Wednesday).

-The latest minutes showed that "many" participants are in favor of keeping the rate for longer while "some" argued for earlier hike, and we look for any indication that this balance of opinions has changed or not after seeing the strong January employment report.

-On the data front, key data to watch will be consumer confidence (Tuesday), new home sales (Wednesday), CPI and durable goods (Thursday), and the second release of Q4 GDP (Friday).

-While our forecast is mixed relative to consensus, we expect Chair Yellen to reiterate constructive views on the US economy in her testimony and likely be USD supportive.