Scoreboard: Yellen's rate relief

Wall Street pushed slightly higher on upbeat private sector data and a reaffirmed commitment to low rates from Janet Yellen, while the Australian dollar eased but remains above US94c.

Federal Reserve Chair Janet Yellen delivered a speech at an IMF conference in Washington. She believes that raising interest rates to fight asset bubbles would be a bad idea, instead she argued better regulation would mitigate financial risk.  

In US economic data, ADP Private Payrolls lifted by 281,000 in June -- marking the biggest increase since late 2012 and well ahead of the 200,000 jobs that had been expected.



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