In Countdown to Fed, Traders Keep Eye on Dollar's 2004 Decline

  • Commonwealth Bank draws parallel to previous tightening cycles
  • Futures contracts show a 76% probability of rate increase

Fed, Equities, Dollar: Are Markets Prepared for Liftoff?

With the Federal Reserve’s interest-rate decision hours away, currency traders are on alert for a repeat of dollar declines that followed the start of tightening cycles in 2004, 1999 and 1994 on speculation that a boost is already in the price.

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