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by Chris Becker
Stocks are having a bad day in Asia, led by the Nikkei which almost 2% as Yen strengthened. The Shanghai Composite lost 0.4% after making a near six month high, with the ASX200 putting in a scratch session. Eurostoxx futures pointing to a 0.5% drop, erasing all the gains of the previous session.
Why the dour mood? Basically its the US Dollar as interest rate bets by the Fed are wound back, the Aussie, Yen and other majors are rallying against the King. The Aussie has popped through 70 cents following the release of the RBA minutes:
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