Rate cuts by year-end
Fed: 54 bps (95% probability of no change at the upcoming meeting) ECB: 26 bps (88% probability of no change at the upcoming meeting) BoE: 53 bps (80% probability of rate cut at the upcoming meeting) BoC: 30 bps (72% probability of no change at the upcoming meeting) RBA: 77 bps (95% probability of rate cut at the upcoming meeting)RBNZ: 31 bps (81% probability of no change at the upcoming meeting) SNB: 11 bps (83% probability of no change at the upcoming meeting)Rate hikes by year-end
The most notable change was of course on the Fed. The catalyst was the positive US NFP report yesterday which saw traders paring back their dovish bets from 67 bps of easing by year-end to 54 bps now.
There's been also some change for the SNB and BoJ pricing. The former was influenced by higher than expected Swiss CPI data, while the latter by the lack of progress in the US-Japan trade negotiations (which are key for the BoJ).
This article was written by Giuseppe Dellamotta at www.forexlive.com.Hence then, the article about traders pare back their dovish bets on the fed after the positive nfp report was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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