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Fed's Mester: Fed wants to see tighter financial conditions, though not all at once

Cleveland Fed President and FOMC member Lorreta Mester, speaking in an interview on CNBC, said on Friday that the Fed wants to see tighter financial conditions, though not all at once. 

USD/CAD rallies above 1.2700, set for biggest one-day gain since November amid risk-off flows

USD/CAD rallied roughly 140 pips on Friday to hit its highest level in more than one month above the 1.2700 mark and, at current levels in around 1.27
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AUD/USD plummets and reaches a fresh monthly low at 0.7235 on dismal sentiment and Fed commentary

The AUD/USD extends Thursday’s losses and plummets 130-pips as market mood deteriorates. Fed policymakers continued telegraphing a 50-bps rate hike in
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