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Westpac on the FOMC meeting

Discussion in 'Fundamental Analysis' started by ForexLive, Jun 15, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Some quick analysis Some highlights from Westpac's take on the FOMC meeting - Fed hike expectations for July 27 fell to just 6% in the wake of today's meeting, down from 16% yesterday. A +25bp Fed hike has been pushed back by another couple months, a full +25bp hike not fully discounted until Oct/Nov 2017 After the initial struggles, the US dollar is now mostly higher compared to where it was before the decision. I think this reflects flows more than how the market interpreted the Fed.

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