-
Rate Hike Fever Continues to Grip Markets
US rate hike fever continues dominating the Foreign Exchange landscape. The US dollar is trading favourably, despite the next major catalyst, Friday’s Jobs Report. The market is stuck between the good cop, bad cop performance from Yellen and Fischer at Jackson Hole, which likely struck a similar a chord with the majority of Fed policymakers. Australian Dollar The Australian Dollar is trading on a sour note as the broader USD dollar story takes hold. In early trade we are plumbing the .7500 support level. The repricing of the September Rate hike probabilities is causing discomfort to the long Aussie position as ... (full story)