Dollar Higher on FedSpeaks as Focus Turns to NFP, Sterling Vulnerable Dollar strengthened across the board last week as a number of Fed officials, including chair Janet Yellen, reiterated their view that there will be a rate hike by the end of the year. Nonetheless, traders seemed remain rather unconvinced by it yet. As of Friday, fed fund futures were only pricing in 39% chance of a rate hike in December, practically unchanged from a month ago. It's believed that there remains so much uncertainty from now till December. And a number of factors are needed to solidify the rate hike. That would include stability in the financial markets, a string of solid economic data, as well as no more shocks from other parts of the world, including Europe and China. And, the employment data to be released from US this week will be the first test for the greenback. Full Report Here... |
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