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FOMC: Watch and wait before rate hike – Rabobank

FXStreet (Delhi) – Jane Foley, Reseatch Analyst at Rabobank, notes that the Fed’s Lael Brainard provided a dovish message yesterday suggesting that the FOMC should be “watching and waiting” rather than pushing forward with a rate hike.

Key Quotes

“Her message contrasted with that of Fed Vice-chair Fischer who commented at the weekend that he shared the view of most FOMC members that it would be appropriate to hike rates this year. Although the market is not fully priced for a 2015 rate hike, surveys of economists suggest a majority are predicting a December policy move.”

GBP/USD: hovers around daily lows below 50% retracement

The GBP/USD pair trades below 1.5248 (50% of Apr-Jun rally), as bearish pressure remains intact on account of dovish comments from BOE members.
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China sees bounce in export numbers in September - ING

Tim Condon, Chief Economist at ING, notes that the big sequential trade bounces lend credence to the view the July-August financial market turmoil caused activity to be postponed, not to spiral as September’s -3.7% YoY export growth was better than expected and up from August’s - 5.5% (consensus -6.0%).
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