In Countdown to Fed, Traders Keep Eye on Dollar's 2004 DeclineBy and
Commonwealth Bank draws parallel to previous tightening cycles
Futures contracts show a 76% probability of rate increase
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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