Trader who predicted 97% Fed cut probability reveals why AUD/USD matters
Key Points
- The Fed is highly likely to cut rates in September due to we...
The Federal Reserve's September meeting is approaching with the subtlety of a freight train, and currency traders are watching the AUD/USD pair like hawks eyeing a particularly juicy mouse. Markets are currently pricing in a whopping 97% probability of a Fed rate cut this month - which, in gambling terms, makes this bet safer than your grandmother's apple pie recipe.
What's driving this near-certainty? The US just reported 7.18 million job vacancies, falling short of the expected 7.38 million. That 200,000 gap might not sound like much, but in Fed-speak, it's practically screaming "cut rates ...
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