FXStreet (Guatemala) - Analysts at UOB Group explained that the Oct FOMC further cements their expectation for the first Fed rate hike to take place in the 15-16 Dec FOMC. Key Quotes: "We still forecast the FFTR to reach 0.5% by end 2015, and 1.5% by end 2016." "With the FOMC decision and statement out of the way, we should be able to look forward to a fairly gentle run in to month-end, although the market will continue to digest the Fed’s latest statement." "We also initiate short NZD/USD at 0.6685, target 0.6600 and stop 0.6760." For more information, read our latest forex news.