Reuters Poll: Most primary dealers see only 2 hikes in 2017

Following Wednesday’s Fed’s rate hike and hawkish guidance, Reuters conducted a latest poll of primary dealers, taking their view on Fed rate hike prospects next year.

Key findings from the survey:

Most US primary dealers see no more than two federal reserve rate hikes in 2017

Primary dealers see next fed rate hike in 2nd qtr 2017

Median view of 18 primary dealers is for year-end 2017 fed funds rate midpoint of 1.13 pct

Median view of 16 primary dealers is for year-end 2018 fed funds rate midpoint of 1.76 pct

Primary dealers see about 45 pct chance of faster-than-expected pace of rate hikes

12 primary dealers see trump's economic plans boosting or significantly boosting business investment; three see little or no impact

Nine primary dealers see trade policy as greatest risk to outlook; five see fiscal policy and two see dollar strength as biggest risks

PBOC sets USD/CNY central rate at 6.9289 vs. 6.9028 Wednesday

On Thursday, the Chinese central bank (PBOC) set the Yuan reference rate slightly weaker at 6.9289, as compared to Wednesday’ close of 6.9028.
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EUR/USD attempts recovery from 21-month lows, regains 1.0500

The bears loosened the grip behind the euro heading into the mid-Asian session, allowing a tepid-recovery in EUR/USD, in an effort to reclaim 1.05 han
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