by Chris Becker
Oh what a night! The release of last months FOMC meeting minutes by the Federal Reserve, with their very dovish outlook, crunched the USD and spiked risk all across the board. Daily reversals of this scope and magnitude are rare, but not unusual in markets and for the last five or so years seem to be always caused by The Fed.
Coming into the US session, European markets were still flailing with the DAX and FTSE making new lows (down 1%) and staying flat respectively, but surged in futures trading taking back most of the previous two day losses and setting up for a big open tonight:
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