Fed forecasts have cooled significantly over the past weeks with a particularly acute shift to 'certainty' among the doves after the September NFP report. However, if a delayed rate hike is the root of the Dollar's recent troubles, the bearish motivation may soon ease up. Rate forecasts through the end of the year are nearly deflated. Risk aversion as a motivator will also lose its positive correlation to USDollar performance if that is the case - as the Dollar was suffering from its lost rate potential
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treksis
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Agree. If traders find out that September meeting wasn't as challenging as what officials have been talking about in recent weeks, We will definitely see some sell-off if that's the case.