Business
Fed Death Star blows Australian dollar sky high – MacroBusiness
See the latest Australian dollar analysis here:Macro AfternoonDXY continues its unapologetic free-fall: The Australian dollar is getting blown sky high: Gold wow: Oil meh: Metals ramping: Miners ride on: EM stocks breaking out: Junk too: Yields crushed! Stock…
The only chart that matters is diminishing as the AUD turns stronger than stocks:The patterns are all classic Fed-driven reflation. The problem remains that it is all fake, especially the EM bid, a complex of economies currently sinking into virus hell. But markets don’t care. The Jedi Fed has waved its hand and whispered that “this is not the depression you are looking for” and the bid is in regardless of reality, or until it strikes back:The Federal Reserve is committed to using its full range…
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