No respite for AUD, Market still to get on-board a Fed summer hike

Posted on May 20th, 2016

The Fed minutes and member comments suggest the probability of a hike in July is now significantly above 50%, we see closer to 80%, and two hikes by year end also appear quite likely.  The USD and US rates market have responded, but are yet to fully get on-board; still pricing-in less than 50% chance […]