FOMC minutes coming, watch on – Investec

By FXStreet FXStreet (Delhi) – Research Team at Investec, suggests that in financial markets investors are looking ahead to tonight’s October FOMC minutes for more detail on a possible December interest rate hike in the US that is now around two thirds priced into markets.

Key Quotes

“Market pricing for further interest rate rises beyond December is way behind the curve based on the Fed’s previous guidance, giving an extra boost to the US Dollar into tonight’s minutes and meaning more Dollar demand could be on the way – and that with the Dollar index already back to levels not since 2003.”

“Worth noting the Pound is holding fairly steady against the greenback for now as UK bond yields continue to follow US yields, giving the Pound similar gains in the G7 space as the Dollar.”
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Source:: FX Street