Markets continue to react to yesterday’s FOMC meeting with a strong USD, soft equities and the US 10‐year yield up to2.78%. The pulling forward of interest rate hike expectations to June of2015 is an important one for markets and is likely to see a period of USD strength follow. For FX the most important driver from here is interestrate outlooks; as the cycle shifts there is likely to be some volatility.
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Scotiabank