Today’s Notable Sentiment Shifts
USD – The dollar edged lower against a basket of currencies on Tuesday as investors awaited the outcome of this week’s two-day Federal Reserve policy meeting for any signals as to when the central bank will begin tapering its asset purchases.
High-Beta – The high –beta currencies (AUD, CAD, NZD) weakened as a sharp drop in China’s equity market weighed on sentiment and a record low for U.S. bond yields after adjusting for inflation, signaled worries about the overall economic outlook.
High-Beta – The high –beta currencies (AUD, CAD, NZD) weakened as a sharp drop in China’s equity market weighed on sentiment and a record low for U.S. bond yields after adjusting for inflation, signaled worries about the overall economic outlook.
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