Blogotariat

Oz Blog News Commentary

Australian dollar teeters at cliff as ASX tanks

November 29, 2021 - 10:54 -- Admin

The Australian dollar is sitting right on vital support as markets digest Omicron. So far it has held but a break of support here opens big downside potential: The ASX200 has gapped 1.2% at the open but is being aided by firm American futures: Yields are rising as risk diminishes. Markets have this completely backwards.

The post Australian dollar teeters at cliff as ASX tanks appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]