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Despite Lockhart, a September move's still not priced in
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The Dollar Index is at a three and a half year high this Wednesday after comments from the Fed's Atlanta President, Dennis Lockhart, on the likelihood of an interest rate rise in the States soon. Saxo Bank's Head of FX Strategy, John Hardy, says Lockhart would have known his comments would move markets.
Despite the USD rise largely across the board, John says a September hike by the Fed still hasn't been priced in by the markets. He looks at which pairs could come under pressure should the dollar firm further.