Australian dollar trapdoored by recession
It’s pretty ugly set of charts for forex this morning. DXY is firm. AUD plunged with North Asia. The twins have not yet reversed. Metals are OK. The Pilbara killer is eating miners. EM stocks look ugly. As junk howls. Long bonds are bidly. Stocks bounced on oil relief but look shaky. The Aussie bond The post Australian dollar trapdoored by recession appeared first on MacroBusiness .
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