High probability of a Fed hike in September, but risks tilted for an earlier move – Danske

Signe Roed-Frederiksen, Senior Analyst at Danske Bank, highlights the key points of Fed Chair Yellen's speech delivered on Friday, and further views that Fed is likely to start its hike in September, but risks are tilted for an earlier hike.
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AUD/USD testing lows ahead of 0.7700

AUD/USD remained deep in losses and was set to test 0.77 handle in the European morning, as commodity prices continue to slide amid persistent US dollar strength versus its major competitors.
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