AUD/USD hammered as CBA lifts SVR on home loans by 15 bps

Research Team at Societe Generale, note that not only is the probability of Fed lift-off by year-end now below 50% in our view, but the pace and extent of the entire rate-hiking cycle is likely to be more meagre which implies that EUR/USD will likely not now reach parity unless there is another dramatic ECB policy move.