Dollar Broadly Higher as Job Data Lifted December Hike Chance to 70% Following on the more hawkish than expected FOMC statement in the prior week, the all-round positive non-farm payroll report released on Friday pushed expectation of a December rate hike by Fed to recent hike. Fed fund futures are now pricing in 70% chance of a December hike, up from 56% on Thursday and around below 40% a month ago. Dollar ended as the strongest major currency last week recording broad based gain. Dollar index jumped to close at 99.16, comparing to prior week's close of 96.91. 10 year yield also surged to close at 2.333%, highest since July. DJIA and S&P 500's responses to the jump in rate hike expectation were relatively positive as both registered slight gains for the week. Meanwhile, gold tumbled sharply to close at 1088.9 due to dollar's strength. Elsewhere in the currency markets, Aussie was the next strongest major currency as RBA sounded upbeat on economic outlook. Sterling tumbled broadly after more dovish than expected BoE Super Thursday. Full Report Here... | 
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