Scoreboard: Rates apathy

Wall Street remained subdued despite reassurance a rate hike is still a way off, while major currencies pushed higher against the US dollar.

US San Francisco Fed President John Williams (non-voter) spoke overnight and reiterated that he does not expect the Fed to raise interest rates "for some time". Although he did not specify what time period he had in mind, he has previously said that he expects a move in the second half of 2015.

In US economic data, pending home sales increase by 6.1 per cent in May to an eight month high. The ISM Chicago business barometer fell from 65.5 to 62.6 in May, mildly below expectations.


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