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Yellen raises rate hike prospects - BTMU

FXStreet (Guatemala) - Derek Halpenny, analyst at Bank of Tokyo Mitsubishi explained that Yellen's speech has prompted a shift in the probability of a federal funds rate increase in December.

Key Quotes:

"Based on the effective federal funds rate being at 0.14% prior to an increase on 16th December, the probability of a hike looks to have shifted from 52% to 64%. The 2-year UST bond yield also jumped back above the 0.70% level and certainly the short-end of the US yield curve is set to remain very sensitive to EM developments given this speech from Yellen reinforces the fact that only developments abroad are holding the FOMC back from hiking."

Brazil central bank to keep rates unchanged for some time - BBVA

According to Enestor Dos Santos, economist from BBVA Research the latest inflation report from the Brazil Central Bank suggests that it will keep the main interest rate (Selic) unchanged at 14.25% for some time.
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Drivers of EM currencies weakness to remain intact - BBH

According to the Brown Brothers Harriman Team, the recent recovery in emerging markets currencies could be short-lived and they look for a continuation of the long-term bearish move.
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