Moar turns to less for markets as central banks balk

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Last night the US dollar fell as both ECB and BOJ disappointed:

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Yen and yuan rose strongly, zombieuro not so much:

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Commodity currencies were mixed depending upon oil exposure:

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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.