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Australian dollar pops and drops on Evergrande vs Fed

September 23, 2021 - 05:44 -- Admin

Forex tells a very interesting tale today. Following on from Evergrande’s extraordinarily dubious news and a PBoC liquidity injection yesterday, which dumped DXY, the Fed was hawkish which launched DXY: The Australian dollar popped on the crosses but was whacked back down vs DXY: Gold faded. Energy is driving the Fed into policy error crescendo:

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