🏦📊 Interest Rate Probabilities: USD OIS Fully Prices In June Hike

**As seen in Macro Walk Report 10/10/21, subscribe at cablefxm.co.uk/reports

• Overnight indexed swaps showed an increase of rate hike bets in CAD, AUD, NZD and USD last week. The USD OIS odds for the June meeting jumped to fully price in a rate hike, while the following meeting sees an implied rate of 0.4%

• We just heard from the BoC and RBA, these curve have seen the largest weekly moves as of Friday close. AUD cash futures price an implied rate of 0.30% for July 2022. CAD OIS curve sees the BoC hiking 3 times by July, implied rate at 1.0%

• We also saw a reduction of rate hikes in the GBP model, however, the moves were marginal. We're set to hear from FOMC, BoJ, ECB, BoE and Norgesbank this week, hang tight!