Investors are rushing to buy dollars after US inflation accelerated to a fresh 40-year high last month.
Yellen told Senators that she expects inflation to remain high. It was refreshing to hear her admit she was wrong on earlier inflation prediction.
"State Street is not pursuing an acquisition of, or any other business combination with, Credit Suisse," State Street said.
Traders are now fully pricing three half-point Federal Reserve rate hikes in coming months.