Commodity Currencies Surge on Coordinated Central Bank Intervention
Higher yielding currencies, such as the Australian Dollar, and risk-correlated assets, such as global equity markets, rally after the Federal Reserve announces increased liquidity provisions with five other central banks. Is this the beginning to the ldquo;Santa Clausrdquo; rally?
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Euro Propped Up By Central Bank Coordination, Outlook Remain Bearish
Investor sentiment picked up ahead of the North American trade as the Peoplersquo;s Bank of China lowered its reserve ratio by 50bp, and the rise in risk appetite may gather pace over the next 24-hours of trading as the major central banks step up their efforts to shore up the global economy.
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Crude Oil, Gold Likely to Fall as Lackluster Euro Summit Boosts US Dollar
Crude oil and gold are poised to decline amid risk aversion as a disappointing Eurozone finance ministersrsquo; summit stokes safe-haven demand for the US Dollar.
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FOREX: US Dollar Set to Rebound as Euro FinMin Summit Fizzles
The US Dollar is poised to rise amid renewed risk aversion after the first day of the Eurozone finance ministersrsquo; summit fails to allay investorsrsquo; fears.
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Risk Correlated Assets At Risk in Wednesday Trade
The rally in risk over the past few sessions seems to have finally stalled out and we attribute the price action to nothing more than corrective reliefhellip;
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