The US Dollar finished a second week with gains since the Federal Reserve surprised the markets by coming out with a hawkish statement at the October Fed meeting. The hawkish view was maintained as Janet Yellen testified to the Senate last week. While expressing concerns on inflation, Ms. Yellen noted that the Fed wanted to see further slack in the labor markets to be absorbed while calling December a 'Live Meeting.' When asked how the Fed would decide on hiking interest rates, the Fed Chair noted that the interest rate decision would be data dependent. The markets got a glimpse of this data on Friday as the October jobs report came out with strong numbers. The monthly jobs increased 271k, beating the conservative estimates of 181k while the unemployment rate dipped to 5.0%, marking full employment alongside a pick up in the average hourly earnings as well. The US Dollar ended the week with strong gains as EURUSD dipped to a 6-month low closing the week at 1.0743. The British Pound, along with the Euro remained subdued, but the surprise was from the Bank of England. Although interest rates were left unchanged at 5.0%, the BoE’s inflation report saw the bank give out dovish forecasts on inflation remaining at 1.0% levels into 2016. The market expectations for a rate hike in 2016 took a hit as a result with the British Pound selling off strongly.