Dutch International Group: Expectations of Fed rate hike offset support for euro from falling oil prices

Dutch International Group analyst Chris Turner said that the market was preparing for the Federal Reserve's interest rate hike on Wednesday, and the euro failed to gain support from the drop in oil prices. Chris Turner believes that the viewpoint supporting interest rate hikes is that taking early action is beneficial for enhancing the Fed's anti inflation credibility and reducing the need for subsequent tightening. The Fed's lack of communication provides a breeding ground for speculation. According to data from the London Stock Exchange Group, the market has a 34% probability of raising interest rates on Wednesday.