Fed hike probability jumps

The Fed funds futures market now sees a 47.1% chance of a hike on December 16 compared to 34.7% ahead of the statement.

The chance of a hike on or before the Jan 27 meeting rose to 55% from 42.6%.

The euro is the big loser at the moment on the potential for ECB easing in December and a Fed hike the same month. I think the trade remains to sell the bounces.