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The USD Immune To Shift In Risk Dynamics
The financial markets finally took a bit of a breather after the disproportionate one-sided movements in instruments the likes of the Yen, the Aussie, the Yuan, bonds, gold, equities. The fact that there was no new alarming developments in the number one driver of the market since last week, that is, the coronavirus outbreak, acted on its own right as the trigger to justify what’s seen as a correction very much technical in nature, not yet enjoying the fundamental backing of a complete disregard to the virus news getting worse before it gets better, far from it. Amid this more sanguine environment, the Yen ... (full story)