FXStreet (Guatemala) – Analysts at Westpac noted that both FOMC Governors’ Tarullo and Brainard were sounding a notebook caution over lift-off (both arguably closer to the FOMC leadership).
Key Quotes:
“OIS markets still discount a 30pct chance of a Fed hike by year’s end.”
“Dec Fed hike odds understandably won’t fall to zero but they are more likely than not to continue to drift lower, weighing on the USD.”
“USD index can fall to 93/94 into year’s end. The longer term uptrend in the USD though likely remains intact.”
“Soft data trends in the near term will be a challenge for the USD but 2016 should still see a relatively healthier US picture emerge than many parts of the world.”
(Market News Provided by FXstreet)