Oz Blog News Commentary

Australian dollar floats on oil

April 5, 2024 - 10:30 -- Admin

DXY eased: AUD popped: No help from North Asia: Oil bull: Dirt bull: Mining bust: EM false break out: Junk is warning: Yields eased: Stocks puked: Weirdly, it is a battle between dovish Fed speakers pushing down DXY and an oil bull run that has mounting geopolitical tailwinds, and dovish Fed speakers behind it. UBS

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