Forex news for US trading on October 28, 2015:
– down $11 to $1155
– WTI crude up $2.77 to $45.97
– US 2-year yields up 8.2 bps to 0.70%
– Implied prob of Dec hike at 46% vs 34% before Fed
The hawkish Fed sent the US dollar skyward. The chance of a December hike jumped and the market reaction was rather unsurprising except for the jump in stock markets.
