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U.S. Dollar Hits one Month High Ahead of Fed Chair Yellen Speech

Federal Reserve Chair Janet Yellen speaks today before the National Association for Business Economics.
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Federal Reserve Chair Janet Yellen speaks today before the National Association for Business Economics. The U.S. dollar jumped to a 1 month high ahead of her speech. The Fed Chair will talk this afternoon about inflation, uncertainty and monetary policy. Apple ( (AAPL) - Get Apple Inc. (AAPL) Report ) shares are almost in correction territory. The move lower follows a Reuters report that the company has told suppliers to scale back shipments of parts for its upcoming iPhone X, which caused concern about demand for the phone. Still, Apple shares are up 30% so far this year. The Florida Keys will officially reopen to tourists this weekend. Almost, all power and water have been restored in the area after hurricane Irma ravaged the islands. Officials also say that cell service is working well. Tourism is a big industry in the Keys so officials there worked hard to get infrastructure up and running.

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