69 cents again!

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by Chris Becker

The AUDUSD has dipped into the 69 cent handle again, as risk markets react to the foolhardy comments of the Japanese economy minister, Akira Amari that “recent declines in stocks don’t reflect fundamentals”:

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We’re also down into the 83s against the Yen:

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As the ASX200 drops and S&P500 futures toy with breaking the uptrend line from this tepid dead cat bounce:

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Keep calm Mr Amari, the markets will sort it all out!