Bloomberg’s US Dollar index has tumbled most in a month to 3-month lows overnight – led by Yen and Swissy strength – as it appears the sudden realization that The Fed is on hold no matter what ripples across FX markets. Sept rate hike odds are back below 10% and even Dec odds are below 30% as a series of weaker than expected US macro data blows the recovery narrative…
And since the productivity data hit, rate hike odds have tumbled…
via http://ift.tt/2beBwgZ Tyler Durden