Price cuts by year-end
- Fed: 54 bps (95% likelihood of no change on the upcoming assembly)
- ECB: 26 bps (88% likelihood of no change on the upcoming assembly)
- BoE: 53 bps (80% likelihood of fee minimize on the upcoming assembly)
- BoC: 30 bps (72% likelihood of no change on the upcoming assembly)
- RBA: 77 bps (95% likelihood of fee minimize on the upcoming assembly)
- RBNZ: 31 bps (81% likelihood of no change on the upcoming assembly)
- SNB: 11 bps (83% likelihood of no change on the upcoming assembly)
Price hikes by year-end
- BoJ: 11 bps (99% likelihood of no change on the upcoming assembly)
The
most notable change was in fact on the Fed. The catalyst was the optimistic US NFP report yesterday which noticed merchants paring again their dovish bets from 67 bps of easing by year-end to 54 bps now.
There’s been additionally some change for the SNB and BoJ pricing. The previous was influenced by greater than anticipated Swiss CPI information, whereas the latter by the dearth of progress within the US-Japan commerce negotiations (that are key for the BoJ).
This text was written by Giuseppe Dellamotta at www.forexlive.com.
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