Dollar still flying high vs euro after Fed

29/10/2015 10:58 AST

Well, it wasn't a blip. That post-Fed jump in the dollar that crushed the euro down to its weakest point since August yesterday is still alive and well.

Right now, the euro is languishing at around $1.0935, after the contrast grew between the European Central Bank (which has flagged a potential cut to the deposit rate in December) and the Fed (which has been almost universally interpreted as having left a December hike in view).

The markets' implied probability of a US rate hike in December now stands at 48 per cent up from around 34 per cent before the Fed's statement yesterday.


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