Monday, July 25, 2016

Repricing The Fed





FX Research
by Saktiandi Supaat


Repricing The Fed





Last Fri also saw broad dollar strength as investors start to price in possibility of a Fed hike within the year. Fed funds futures show a 45% probability of a rate hike by Dec this year from just 5% seen earlier this month. Expect Asia to continue to accumulate long dollar positions this week into the FOMC meeting. The accompanying statement will be scrutinized for any acknowledgements in the continued improvement in economic data –jobs, retails, etc, and for any potential change in tone...

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