Kischa, the small shop keeper takes his/her daily takings to the bank for safekeeping and a place to park it every day.
Like them, institutions have to park their millions and millions every day.
If they deem it risky, the millions go into the US dollar, which therefore rises on the demand for the currency...if no risk they buy stocks, which rise.
rocky mountain thigh wednesday, page-77
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| XJO (ASX) Chart |