The FOMC interest rate decision remains the hot topic, and into this crucial day, Angus Campbell, Senior Market Commentator for FX Pro, joined Zak Mir and Bill Hubard on today’s Tip TV Finance Show to discuss the Fed rates, AUD/USD and the EUR/GBP.
Key points from the video:
- Fed rates: Market needs more road maps
- Fed needs to be more transparent
- Yellen might announce a press conference in October to remove uncertainty if the Fed doesn’t hike today
- Expectations for more Chinese stimulus pushed AUD/USD higher
- RBA rates outlook depends strongly on the Aussie performance and international developments
- EUR/GBP remains a tricky trade, but Sterling has held well
