DXY sagged last night:
AUD blasted off:
With JPY:
Brent is a bust, gold is running:
Dr Copper want to break out:
Miners meh:
EM might be bulling up:
Junk yawned:
As yields firmed:
Stocks only go up:
It was an avalanche of positives:
- Lots of dovish Fed speak.
- ECB cut inflation outlook and is set to cut soon.
- Japanese wages were strong and a QE exit looks favourable.
That was enough to sink DXY as global reflation took centre stage.
AUD prospers in such an environment.
It will take a strong NFP on Friday night to knock this backwards.