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Australian, NZ dollars on edge as markets weigh Fed scenarios
SYDNEY: The Australian and New Zealand dollars eased against a broadly firmer greenback on Wednesday as investors struggled to price the risks from a looming Federal Reserve meeting, where a range of outcomes could cause considerable volatility. Markets imply a 92% chance of a quarter-point rate rise and analysts assume the Fed will have to deliver to safeguard its anti-inflation credibility. More uncertain is what Fed members will plot for future hikes, and whether Chair Kevin Warsh provides any guidance on that. “Warsh has deliberately injected a significant distribution into the potential p...
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