BNP Paribas Sees a Fed Rate Hike Coming in September

The video discusses the Federal Reserve's potential rate hike in September, highlighting market complacency and the importance of Janet Yellen's upcoming speech. It examines the impact of Fed decisions on the dollar and commodity currencies, particularly the Australian and New Zealand dollars, and emphasizes the role of nonfarm payrolls as a key economic indicator.

What is the market's current perception of a potential rate hike in September?

• Very unlikely

• Moderately likely

• Highly likely

• Unlikely

Which data is crucial for the Fed's decision on rate hikes?

• Consumer Price Index

• Nonfarm payrolls

• Retail sales

• Housing starts

What is the Fed's general stance towards monetary policy as discussed?

• Neutral

• Biased towards tightening

• Biased towards easing

• Indifferent

Which currency is expected to be most affected by Janet Yellen's speech?

• Euro

• Japanese Yen

• British Pound

• Australian Dollar

What is the principal driver of the Australian Dollar according to the transcript?

• Trade balance

• Equity markets

• Interest rates

• Inflation