i guess if you look at the currency markets and the stock markets on two separate screens at the same time, you see two different reactions to the same news. Since the latest news from usa, the usd has plunged (against everything cept the yen) and the stock markets have rallied... so the currency world is saying the usa economy is a big bog.. smelly kind.. yet stock markets are saying usa economy is headed for the end of the rainbow.. wonderland and all that.. so who is right?
Now if you're a chinese govt official responsible for the usa investments, at least you've got the yuan/usd peg to safeguard the value of your usa investments to some extent..
bernanke gives market a head job ..., page-31
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Last
7,971.6 |
Change
-64.900(0.81%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,036.5 | 8,036.5 | 7,923.6 |
| XJO (ASX) Chart |