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A step too far

From business.nab.com.au

It has been a wild night in markets. After initially enjoying a broad and solid risk on move with equity markets rising and core global bond yields falling alongside a broadly weaker USD. Early this morning we have seen a partial reversal on these moves following reports Russian missiles crossed into NATO member Poland, killing two people. Poland has convened a security meeting, rattling markets. Equities reversed earlier gains only to recover shortly after, the USD has remained on the back foot with AUD and NZD top of the leader board while European currencies giving back some of their overnight gains. 10y UST ... (full story)

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  • Category: Fundamental Analysis