Neil Mellor, senior currency strategist at BNY Mellon, says sterling's strength is due to dollar weakness rather than strong data from the U.K.
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Chris Walker, FX strategist at Barclays, and Jonathan Fenby, director of China research at Trusted Sources, discuss the political risks in Turkey and what this means for the country's currency.
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CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil closed the day lower after a strong inventory report. And gold was up on Yellen's testimony.
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James Bianco, Bianco Research, joins CNBC's Rick Santelli to discuss labor force data and unemployment. "People are leaving the workforce," Bianco says.
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Any fall in the euro-dollar below $1.36 has a high probability of cascading into a fall to $1.29, which in turn, will have a high probability of quickly falling into the consolidation support area with a potential downside target near $1.24.
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The dollar could be set to rally against the euro despite improved market sentiment around the European sovereign debt crisis, Robin Griffiths, technical strategist at Cazenove Capital told CNBC Monday.
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