Some sharp moves in Asia this morning
- AUD has surged to a new high (for this move)
- Gold no laggard, above US1265
- EUR, GBP, CHF knocking on the door of overnight highs.
- USD/CNY fix 300 odd points lower than yesterday
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Yowza
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Did anyone see this in the overnight news? A new Federal Reserve policy initiative...
It looks like the Fed has lost the keys to the helicopter, so this looks it has to do