Macro Morning

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Rampant USD saves AUD blushes

By Chris BeckerĀ 

European and US stocks took the positive Asian lead overnight with broad gains as the Chinese central bank pumped liquidity into the system to stave off the near 10% falls in Chinese stocks in the wake of the coronavirus. US factory order numbers also helped, with commodities finally lifting, and safe havens like Yen and gold continuing to drop.

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