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Australian dollar doesn't crash on Fed and China rescues


MacroBusiness
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See the latest Australian dollar analysis here:
Forex was anything but boring last night with China moving to rescue stocks, the Fed delivering outright confusion and markets moving to price more deflation. DXY was hit as the Fed moved more hawkish in its statement then more dovish in its press conference. EUR lifted:
Yet it was still not enough to  do anything much for the Australian dollar:
Nor commodities:
EM stocks bounced with the appearance of China’s Plunge Protection Team:
But EM junk is telling a different story. This is all about Chinese tightening and, in particular, Evergrande. Be warned! ....

New Zealand , United Kingdom , Fang Xinghai , Jay Powell , China Securities Regulatory Commission Vice , China Plunge Protection Team , Plunge Protection Team , Jackson Hole , December Fed , புதியது ஜீலாந்து , ஒன்றுபட்டது கிஂக்டம் , ஜெய் போவல் , சீனா பத்திரங்கள் ஒழுங்குமுறை தரகு துணை , சீனா ப்லஂஜ் ப்ரொடெக்ஶந் அணி , ப்லஂஜ் ப்ரொடெக்ஶந் அணி , ஜாக்சன் துளை , டிசம்பர் ஊட்டி ,