The FOMC statement opened the door to a 2nd half 2016 interest rate hike at its meeting today but the USD has failed to hold onto gains and has staged a dramatic reversal lower so far in the Thursday Asian session.
Led by the EUR/USD and GBP/USD, the market has rallied against the USD and the AUD/USD is no exception back above 0.7500 to highs of 0.7525.
US 10yr Yields have fallen back to 1.50% and this could indicate growing disbelief that the US FED will be returning to long term normal interest rates anytime soon.
Important note: These technical and research reports are provided to easyMarkets® as a subscriber of third party providers. They are provided for informative purposes only and in no way can they be considered as a recommendation by easyMarkets® to you to engage in any trade. Hence, easyMarkets® shall not be held responsible for any outcome of trading decisions, in regards with these reports or similar reports. You hereby acknowledge that using the information entailed in these reports is at your sole responsibility and you will have no claims with regards to these reports against easyMarkets®. If you do not agree to this, you are strongly advised not to use these reports.
easyMarkets Pty Ltd (AFSL 246566 ABN 73107184510) makes no recommendations as to the merits of any financial product referred to in this website, emails or its related websites and the information contained does not take into account your personal objectives, financial situation and needs. easyMarkets recommends that you read the Regulation Page, The Product Disclosure Statement, the Terms and Conditions and the Financial Services Guide before making any decision concerning easyMarkets’ products.