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Fed’s Evans says December rate hike won’t be a surprise

Chicago Fed head Charles Evans, who is known for his dovish views said a rate hike in December would not be surprising.

Key quotes

Wants to see rest of data before deciding on December

Says economy on solid footing, recent jobs report was a pretty good number

Election not a bar to November hike, but would prefer to wait for more economic data

Dollar has been a headwind, has lowered import prices, but is a challenge for manufacturing

GBP/USD finds support just ahead of 1.2300

The bears appear to have faced exhaustion after the latest down move, allowing a brief phase of consolidation in the GBP/USD pair ahead of 1.23 handle
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AUD/USD clocks three-week low

AUD/USD pair extended losses seen in early Asia to hit a three-week low of 0.7544 as rising bond yields across the globe reduce demand for high yielde
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