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CME Group's December rate hike probability eases to 91.5% after US CPI data

Markets are pricing a 91.5% probability of a Fed December rate hike, compared to 96.7% on Tuesday, according to the CME Group FedWatch Tool. Today's data from the U.S. showed that the inflation measured by the Consumer Price Index rose by 0.1% on a monthly basis in October following a 0.5% increase in September. The core CPI, which excludes volatile food and energy prices, rose to 1.8% from 1.7% on a yearly basis and met the market estimates.

  • US: CPI for all items increases 0.1% in October as shelter index rises

 

USD/JPY hits fresh 3-week lows near mid-112.00s and rebounds

   •  USD fails to benefit from today’s mostly in-line macro data.    •  US tax bill uncertainty continues to weigh.    •  JPY boosted further by gl
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USD/CAD flirting with session tops near 1.2780

The greenback extended its gains vs. its Canadian peer on Wednesday, pushing USD/CAD to the area of daily highs around 1.2780. USD/CAD bid after data
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