Markets puke positions on hawkish Fed

Advertisement

Some pretty decent position puking overnight as markets sold the fact of a hawkish Fed. The US dollar fell:

Capture

Zombieuro and yuan jumped, yen fell on its stimulus plans:

tvc_c0de035b69587b1804dd9d2274f603ab
Advertisement

Commodity currencies all rose:

tvc_eca1134debd67b0e5127ba1a8a67571f

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.