Australian dollar parties as assets melt-up
See the latest Australian dollar analysis here:
The Australian dollar is up and away again though well short of previous highs:
Oil and gold have made friends again:
Base metals metals flew:
The to the night’s action was tumbling US bond yields:
Which launched risk frenzy:
The US imposed new
sanctions on Russia, including restrictions on buying new sovereign debt, in retaliation for alleged misconduct including efforts to disrupt the US election.
Ukraine warned Russia against troops crossing its border, citing a build-up, and appealed for Western support to avoid direct confrontation.
US retail sales in March beat estimates, surging 9.8%m/m and 8.2%m/m ex-food and energy (vs. est. +5.9%m/m and +6.4%m/m). The core control group slightly missed estimates, at 6.9%m/m (vs. est. 7.2%m/m, prior -3.4%m/m from initial -3.5%m/m).
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