By Chris Becker
Asia will awake to the news that the Fed’s QE has ended and US Dollar has regained its throne as the King currency as dollar pairs moved down 80-100 pips across the board while stocks were rocked but not shocked.
Interestingly, the Kiwi was smashed by the double whammy of the FOMC meeting and the RBNZ which had its interest rate meeting shortly after, holding rates but appropriately jawboning (hello RBA!) the currency down. As a result NZDUSD is off nearly 200 pips currently just below 78c against USD:
