I posted earlier on the Goldman Sachs call:
Economists at Goldman Sachs are now forecasting 7 Federal Reserve rate hikes this year
GS followed BoA with their call of 7 hikes in 2022. The high inflation figures out of the US on Thursday is cementing the 'more hikes' expectations across marekts.
For FX that means a rising USD during the session here. EUR, AUD, NZD, GBP, CHF and CAD are all losing ground against the dollar.
AUD for example:
