The Fed published forecasts by its staff that show a 2015 rate hike. The mishap, which is currently under investigation by the federal prosecutors, predict a 0.35% rate for Q4 this year. This is about 25 basis points above the current rate, meaning the staff sees one hike this year.

The July meeting next week seems like a long shot for a rise but now September and October are back on the table. Analysts at JPMorgan and Barclays said that the leak suggests a hike before December. This should support the US Dollar in the coming week because according to interest rate swaps, the increase was postponed to early 2016.

Unfortunately I was unable to re-enter my trades before the close of trading on Friday due to the bug. I would've liked to at least have some short AUD/USD exposure. I think this pair will suffer the most in this environment. The Advance US GDP numbers, due for release on Thursday, may seal the deal on the rate rise debate. A day before the FOMC may give investors a heads up on any future moves.
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