Hawkish Fed weighs on the CEEMEAs - Rabobank

The selling pressure on the CEEMEA currencies increased after the markets got spooked by the prospect of the Fed accelerating the pace of tightening, according to analysts at Rabobank.

Key Quotes

“The minutes revealed that US policy makers added the word “further” in front of “gradual increases.” While there was no indications that this could potentially mean either “faster” or “more”, the markets interpreted “further” as a signal that the Fed may deliver four hikes this year.”