Turnaround Thursday is within the making because the jitters have rapidly returned to markets right now. The Fed managed to calm some nerves yesterday however we’re seeing a reversal of that right now with equities slipping throughout the board. In Europe, the DAX is now down 1.8% and has erased the beneficial properties for the week.
Amid the extra dour danger temper, we’re seeing the greenback catch a bid throughout the board with EUR/USD now down 0.6% to 1.0837 and AUD/USD down 1.1% to 0.6286 on the day.
This text was written by Justin Low at www.forexlive.com.
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