What's priced in now
The likelihood of a December hike is up to 66% from 46% beforehand.
Here's the before:
Here's the after:
That's a big shift and the gains in the US dollar so far (while big) don't reflect the sizeable shift in expectations. Some of that is fear that Yellen will reel it back in, the rest will only take a bit of time. Barring a surprise from Yellen, the dollar should have some gas in the tank over the remainder of the week.
