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EM Rundown: Fed rate hike fears drive USD/ZAR

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 10, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    With the market-implied odds of a Federal Reserve rate hike in December skyrocketing from around 30% a few weeks ago up to 68% as of writing, it’s not surprising that the US dollar has been strengthening across the board. EM FX traders will remember during past scares of Federal Reserve tightening (notably the “Taper Tantrum” in 2013 and the “Rate Hike Hissy Fit” – my term that never caught on – in March of this year), emerging market currencies were hit especially hard, but this time around

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