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By Chris Becker
It was all about the Benjamins last night – the US dollar that is – with the Fed two day meeting ending last night with no interest rate move but the timeline intact, albeit with expectations of lower growth for the US economy ahead. This sent the US dollar down swiftly, rising all other pairs but not stocks, nor bonds with European stocks returning to their downward trajectory.
Recapping Asia, where the Shanghai Composite rebounded from its precipitious price drop earlier in the week, up 1.6% to just below recent support at 5000. This increasing daily volatility is a sign of things to come as this bubble reaches its final stages.
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