Rate Forecasts are Tepid

INDEX:DXY   U.S. Dollar Index
153 0 8
According to the September Fed Funds futures contract, the market is pricing in little probability of a hike by the central bank at Thursday's meeting. That discount likely takes some of the pain out of a dovish outcome for the Dollar. However, it also leverages the 'surprise' of a hike and could drive the currency back to fresh 12-year highs.
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