### The upcoming release of the FOMC..........>

FOREX: ### The upcoming release of the FOMC statement and projections has seen

MNI's pinch predicting a 1.5% chance of a rate hike. 

WESTPAC view on the FOMC:

 "It has been a tumultuous month for the US economy and indeed the FOMC, with

Vice Chair Fischer announcing his resignation effective October 2017."

"This decision will have no impact on the September meeting, the formal starting

point for balance sheet normalization. At the end of this meeting, a specific

date will be given at which time the already outlined plan of the FOMC will be

put into action. It is intended that this will reduce the balance sheet by

around USD2trn over the next five or so years."

"For the outlook, the more important output of the September meeting will be

revised forecasts. We retain our December 2017; June and December 2018 rate hike

view."